Danhakl Fam Foundation
Danhakl Fam Foundation maintains substantial assets with zero reported officer compensation, though recent expenses outpaced revenue.
EIN: 206924862 · Los Angeles, CA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| Net Assets | $100.7M |
| Transparency Score | 85/100 |
Is Danhakl Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Danhakl Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Danhakl Fam Foundation
Danhakl Fam Foundation (EIN: 206924862) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code T20. The organization reported total revenue of $12.6M and total assets of $98.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Danhakl Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Danhakl Fam Foundation is a large 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 58.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $952K |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-3,216,363 |
| Total Assets | $100.7M |
| Total Liabilities | $1 |
| Net Assets | $100.7M |
| Operating Margin | -337.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 289.8 months |
Financial Health Grade: B
In 2023, Danhakl Fam Foundation reported a deficit of $3.2M with expenses exceeding revenue, holds 289.8 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), Danhakl Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 58.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.4% | -1.9% | +8.3% |
| 2022 | -81.8% | +47.1% | -14.2% |
| 2021 | +42.5% | +85.1% | +53.5% |
| 2020 | +107.6% | +8.9% | +80.5% |
| 2019 | +93.4% | -22.3% | +41.9% |
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 Danhakl Fam Foundation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Danhakl Fam Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Danhakl Fam Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a highly positive indicator of fiscal responsibility.
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 Danhakl Fam Foundation's IRS 990 filings:
- Significant variability in annual revenue, which could impact consistent grant-making capacity if not managed by a robust endowment.
Strengths
The following positive indicators were identified for Danhakl Fam Foundation:
- Consistent zero officer compensation, indicating strong fiscal responsibility at the leadership level.
- Substantial and growing asset base, providing long-term financial stability for its mission.
- Low liabilities ($1 in recent years), indicating minimal debt burden.
- As a private grantmaking foundation (NTEE T20), its primary function is to distribute funds, implying high program spending.
Frequently Asked Questions about Danhakl Fam Foundation
Is Danhakl Fam Foundation a legitimate charity?
Danhakl Fam Foundation (EIN: 206924862) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $12.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Danhakl Fam Foundation spend its money?
Danhakl Fam Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Danhakl Fam Foundation tax-deductible?
Danhakl Fam Foundation is registered as a tax-exempt nonprofit (EIN: 206924862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Danhakl Fam Foundation's spending goes to programs?
Danhakl Fam Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Danhakl Fam Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Danhakl Fam 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 Danhakl Fam Foundation located?
Danhakl Fam Foundation is headquartered in Los Angeles, California and files with the IRS under EIN 206924862. It is classified under NTEE code T20.
How many years of IRS 990 filings does Danhakl Fam Foundation have?
Danhakl Fam 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 $12.6M in total revenue.
How does the Danhakl Fam Foundation manage its grant-making budget when expenses significantly exceed revenue, as in 202312?
In 202312, the foundation's expenses were $4,168,680 while revenue was only $952,317. This suggests the foundation relies on its substantial asset base ($100,662,939 in 202312) and accumulated investment returns from prior periods to fund its grant-making activities, which is typical for private foundations.
What is the primary source of the foundation's revenue, given its fluctuating annual income?
The revenue figures vary significantly year-to-year (e.g., $35,883,196 in 202112 vs. $952,317 in 202312), which is common for foundations that primarily receive investment income, capital gains, or large, infrequent contributions. The NTEE code T20 (Private Grantmaking Foundations) further supports this, indicating investment returns are likely a major component.
Does the foundation have a clear strategy for asset growth and preservation?
The foundation's assets have grown substantially over time, from $904,124 in 201112 to $100,662,939 in 202312, indicating effective asset management and growth, likely through investments and contributions, despite periods where expenses exceed revenue.
Filing History
IRS 990 filing history for Danhakl Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Danhakl Fam Foundation's revenue has grown by 24771.2%, moving from $4K to $952K. Total assets increased by 11033.8% over the same period, from $904K to $100.7M. Total functional expenses rose by 2676.2%, from $150K to $4.2M. In its most recent filing year (2023), Danhakl Fam Foundation reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $100.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $100.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $952K | $4.2M | $100.7M | $1 | — | View 990 |
| 2022 | $6.5M | $4.3M | $93.0M | $1 | — | View 990 |
| 2021 | $35.9M | $2.9M | $108.4M | $1 | — | View 990 |
| 2020 | $25.2M | $1.6M | $70.6M | $1 | — | View 990 |
| 2019 | $12.1M | $1.4M | $39.1M | $1 | — | View 990 |
| 2015 | $6.3M | $1.8M | $27.6M | $0 | — | View 990 |
| 2014 | $1.4M | $671K | $38.0M | $0 | — | View 990 |
| 2013 | $4.4M | $1.2M | $40.8M | $0 | — | View 990 |
| 2012 | $28.0M | $10K | $29.3M | $0 | — | View 990 |
| 2011 | $4K | $150K | $904K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $952K, expenses of $4.2M, and assets of $100.7M (revenue -85.4% year-over-year).
- 2022: Revenue of $6.5M, expenses of $4.3M, and assets of $93.0M (revenue -81.8% year-over-year).
- 2021: Revenue of $35.9M, expenses of $2.9M, and assets of $108.4M (revenue +42.5% year-over-year).
- 2020: Revenue of $25.2M, expenses of $1.6M, and assets of $70.6M (revenue +107.6% year-over-year).
- 2019: Revenue of $12.1M, expenses of $1.4M, and assets of $39.1M (revenue +93.4% year-over-year).
- 2015: Revenue of $6.3M, expenses of $1.8M, and assets of $27.6M (revenue +341.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $671K, and assets of $38.0M (revenue -67.5% year-over-year).
- 2013: Revenue of $4.4M, expenses of $1.2M, and assets of $40.8M (revenue -84.4% year-over-year).
- 2012: Revenue of $28.0M, expenses of $10K, and assets of $29.3M (revenue +730014.7% year-over-year).
- 2011: Revenue of $4K, expenses of $150K, and assets of $904K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Danhakl Fam Foundation:
Data Sources and Methodology
This transparency report for Danhakl Fam 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.