Damuth Family Foundation
Damuth Family Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 203994142 · Chesapeake, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $90K |
| Program Spending | 95% |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Damuth Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Damuth Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Damuth Family Foundation
Damuth Family Foundation (EIN: 203994142) is a nonprofit organization based in Chesapeake, VA, classified under NTEE code T20. The organization reported total revenue of $7.9M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damuth Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damuth Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $591K |
| Total Expenses | $90K |
| Surplus / Deficit | +$501K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 84.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.9 months |
Financial Health Grade: A
In 2023, Damuth Family Foundation reported a surplus of $501K with revenue exceeding expenses, holds 158.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Damuth Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -12.8% | +72.3% |
| 2022 | +238.5% | -36.8% | +206.2% |
| 2021 | +162.6% | +185.5% | +2.1% |
| 2020 | +4.6% | +8.7% | +3.2% |
| 2019 | -7.3% | -17.1% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Damuth Family Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Damuth Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $501K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers or that any compensation is negligible and not reported as such. This is highly unusual for an organization with growing assets and revenue, suggesting a volunteer-led structure or very efficient use of resources.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Damuth Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program vs. admin spending difficult to ascertain beyond overall efficiency.
Strengths
The following positive indicators were identified for Damuth Family Foundation:
- Consistent asset growth, from $165,688 in 2011 to $1,194,170 in 2023.
- Extremely low expense ratio relative to revenue, indicating high efficiency (e.g., 202309 expenses were ~15% of revenue).
- Zero officer compensation reported across all filings, suggesting a volunteer-driven model or highly lean operations.
- Consistent revenue growth, particularly in recent years (e.g., $168,406 in 2021 to $591,321 in 2023).
- Minimal liabilities reported ($1 in most recent filings), indicating strong financial management.
Frequently Asked Questions about Damuth Family Foundation
Is Damuth Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Damuth Family Foundation (EIN: 203994142) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Damuth Family Foundation spend its money?
Damuth Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Damuth Family Foundation tax-deductible?
Damuth Family Foundation is registered as a tax-exempt nonprofit (EIN: 203994142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Damuth Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Damuth Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Damuth Family Foundation located?
Damuth Family Foundation is headquartered in Chesapeake, Virginia and files with the IRS under EIN 203994142. It is classified under NTEE code T20.
How many years of IRS 990 filings does Damuth Family Foundation have?
Damuth Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.9M in total revenue.
Is the Damuth Family Foundation a good charity?
Based on its financial data, the Damuth Family Foundation appears to be a very good charity. It consistently generates significant surpluses, has a rapidly growing asset base, and reports zero officer compensation, indicating a strong focus on its mission and highly efficient operations.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Revenue has grown from $62,246 in 2011 to $591,321 in 2023, and assets have increased from $165,688 to $1,194,170 in the same period, demonstrating strong growth and sustainability.
What is the foundation's spending efficiency?
The foundation exhibits excellent spending efficiency. For example, in 202309, expenses were only $90,190 against revenues of $591,321, meaning a very high percentage of revenue is retained or directed towards its mission rather than operational costs. The consistent 0% officer compensation further highlights this efficiency.
Filing History
IRS 990 filing history for Damuth Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Damuth Family Foundation's revenue has grown by 850%, moving from $62K to $591K. Total assets increased by 620.7% over the same period, from $166K to $1.2M. Total functional expenses rose by 71.7%, from $53K to $90K. In its most recent filing year (2023), Damuth Family Foundation reported a surplus of $501K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $591K | $90K | $1.2M | $1 | — | View 990 |
| 2022 | $570K | $103K | $693K | $1 | — | View 990 |
| 2021 | $168K | $164K | $226K | $1 | — | View 990 |
| 2020 | $64K | $57K | $222K | $1 | — | View 990 |
| 2019 | $61K | $53K | $215K | $1 | — | View 990 |
| 2015 | $66K | $64K | $201K | $1 | — | View 990 |
| 2014 | $69K | $63K | $198K | $1 | — | View 990 |
| 2013 | $76K | $62K | $192K | $1 | — | View 990 |
| 2012 | $75K | $63K | $178K | $0 | — | View 990 |
| 2011 | $62K | $53K | $166K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $591K, expenses of $90K, and assets of $1.2M (revenue +3.7% year-over-year).
- 2022: Revenue of $570K, expenses of $103K, and assets of $693K (revenue +238.5% year-over-year).
- 2021: Revenue of $168K, expenses of $164K, and assets of $226K (revenue +162.6% year-over-year).
- 2020: Revenue of $64K, expenses of $57K, and assets of $222K (revenue +4.6% year-over-year).
- 2019: Revenue of $61K, expenses of $53K, and assets of $215K (revenue -7.3% year-over-year).
- 2015: Revenue of $66K, expenses of $64K, and assets of $201K (revenue -4.3% year-over-year).
- 2014: Revenue of $69K, expenses of $63K, and assets of $198K (revenue -8.6% year-over-year).
- 2013: Revenue of $76K, expenses of $62K, and assets of $192K (revenue +0.4% year-over-year).
- 2012: Revenue of $75K, expenses of $63K, and assets of $178K (revenue +21.1% year-over-year).
- 2011: Revenue of $62K, expenses of $53K, and assets of $166K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damuth Family Foundation:
Data Sources and Methodology
This transparency report for Damuth Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.