Daponte String Quartet Foundation
Daponte String Quartet Foundation: Transparent and Focused on Programs
EIN: 223140085 · Freeport, ME · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $240K |
| Program Spending | 65% |
| Net Assets | $322K |
| Transparency Score | 87/100 |
Search Intent Cockpit
Daponte String Quartet Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Daponte String Quartet Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Daponte String Quartet Foundation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $240K and expenses of $240K.
Revenue and Expenses
Daponte String Quartet Foundation reported $240K in revenue and $240K in expenses, a deficit of $205.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
87/100 mission score, 1 red flag, and 1 strength are shown from structured and AI review.
Is Daponte String Quartet Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $156K (65%) |
Across stored filings, Daponte String Quartet Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 65% to programs | Good |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Freeport, ME nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
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Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
65% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
Daponte String Quartet Foundation directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Daponte String Quartet Foundation
Daponte String Quartet Foundation (EIN: 223140085) is a nonprofit organization based in Freeport, ME. The organization reported total revenue of $342K and total assets of $379K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daponte String Quartet Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daponte String Quartet Foundation is a small nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $240K |
| Surplus / Deficit | $-205 |
| Total Assets | $322K |
| Net Assets | $322K |
| Operating Margin | -0.1% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2023, Daponte String Quartet Foundation reported a deficit of $205 with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Daponte String Quartet Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | -12.3% | -0.1% |
| 2022 | -32.0% | +10.7% | -14.1% |
| 2021 | +48.0% | +11.0% | +44.9% |
| 2020 | +7.4% | -24.3% | +53.6% |
| 2019 | -2.2% | -1.0% | -19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Daponte String Quartet Foundation with a Mission Score of 87 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Daponte String Quartet Foundation allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $205, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation remains at a low level, with no significant changes over the years.
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 Daponte String Quartet Foundation's IRS 990 filings:
- The foundation has no large or unexplained expenses, suggesting a focus on programmatic activities.
Strengths
The following positive indicators were identified for Daponte String Quartet Foundation:
- The foundation maintains a high percentage of program expenses, indicating a strong commitment to its mission.
Frequently Asked Questions about Daponte String Quartet Foundation
Is Daponte String Quartet Foundation a legitimate charity?
Daponte String Quartet Foundation (EIN: 223140085) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 87/100. It has 14 years of IRS 990 filings on record. Total revenue: $342K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Daponte String Quartet Foundation spend its money?
Daponte String Quartet Foundation directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Daponte String Quartet Foundation tax-deductible?
Daponte String Quartet Foundation is registered as a tax-exempt nonprofit (EIN: 223140085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Daponte String Quartet Foundation's spending goes to programs?
Daponte String Quartet Foundation directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Daponte String Quartet Foundation located?
Daponte String Quartet Foundation is headquartered in Freeport, Maine and files with the IRS under EIN 223140085.
How many years of IRS 990 filings does Daponte String Quartet Foundation have?
Daponte String Quartet Foundation has 14 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 $342K in total revenue.
What does Daponte String Quartet Foundation do?
Daponte String Quartet Foundation is a nonprofit organization in the Unknown sector, located in Freeport, Maine. It is classified under NTEE code Unknown.
How much revenue does Daponte String Quartet Foundation have?
Daponte String Quartet Foundation reported total revenue of $341,561. Based on 14 IRS 990 filings on record.
What are Daponte String Quartet Foundation's total assets?
Daponte String Quartet Foundation holds total assets of $379,183 as reported in IRS 990 filings.
Where is Daponte String Quartet Foundation located?
Daponte String Quartet Foundation is based in Freeport, Maine.
What is Daponte String Quartet Foundation's EIN?
Daponte String Quartet Foundation's Employer Identification Number (EIN) is 223140085. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Daponte String Quartet Foundation?
Daponte String Quartet Foundation is classified under NTEE code Unknown (Unknown).
Is Daponte String Quartet Foundation a registered 501(c)(3)?
Daponte String Quartet Foundation appears in IRS records (EIN: 223140085). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Daponte String Quartet Foundation file IRS Form 990?
Yes, Daponte String Quartet Foundation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Daponte String Quartet Foundation's revenue in 2023?
In the 202312 filing period, Daponte String Quartet Foundation reported total revenue of $239,922, total expenses of $240,127, and net assets of $321,644.
Is Daponte String Quartet Foundation's revenue growing or declining?
Daponte String Quartet Foundation's revenue is declining. Revenue went from $274,705 (202212) to $239,922 (202312), a -12.7% change. Based on 14 filings on record.
What is Daponte String Quartet Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Daponte String Quartet Foundation covers tax period 202312. It shows revenue of $239,922, expenses of $240,127, total assets of $321,644, and liabilities of N/A.
How much does Daponte String Quartet Foundation spend on programs vs administration?
Based on IRS 990 analysis, Daponte String Quartet Foundation allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Daponte String Quartet Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Daponte String Quartet Foundation appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Daponte String Quartet Foundation?
The following concerns were identified: The foundation has no large or unexplained expenses, suggesting a focus on programmatic activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Daponte String Quartet Foundation's strengths?
Positive indicators for Daponte String Quartet Foundation include: The foundation maintains a high percentage of program expenses, indicating a strong commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Daponte String Quartet Foundation compensate executives?
Executive compensation remains at a low level, with no significant changes over the years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation ensure transparency in its operations?
The foundation provides detailed expense breakdowns, categorizing all expenses clearly and avoiding any miscellaneous or other expenses. This transparency allows donors and stakeholders to understand how funds are being used.
What is the foundation's approach to fundraising?
The foundation has minimal fundraising efforts, focusing instead on direct program support. This approach ensures that a larger portion of donations goes directly towards supporting the string quartet programs.
Why has the foundation maintained low executive compensation over the years?
The foundation prioritizes program expenses, keeping executive compensation low to ensure that the majority of funds are directed towards supporting the string quartet programs and their activities.
Filing History
IRS 990 filing history for Daponte String Quartet Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Daponte String Quartet Foundation's revenue has grown by 26.3%, moving from $190K to $240K. Total assets increased by 125.7% over the same period, from $143K to $322K. Total functional expenses rose by 32.4%, from $181K to $240K. In its most recent filing year (2023), Daponte String Quartet Foundation reported a deficit of $205, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $240K | $240K | $322K | $0 | — | — |
| 2022 | $275K | $274K | $322K | $0 | — | — |
| 2021 | $404K | $247K | $375K | $0 | — | View 990 |
| 2020 | $273K | $223K | $259K | $40K | — | View 990 |
| 2019 | $254K | $294K | $168K | $0 | — | View 990 |
| 2018 | $260K | $297K | $209K | $0 | — | View 990 |
| 2017 | $324K | $300K | $246K | $0 | — | View 990 |
| 2016 | $279K | $251K | $222K | $0 | — | View 990 |
| 2015 | $211K | $235K | $195K | $1K | — | View 990 |
| 2014 | $244K | $227K | $217K | $156 | — | View 990 |
| 2013 | $243K | $218K | $200K | $4 | — | View 990 |
| 2012 | $273K | $197K | $175K | $21 | — | View 990 |
| 2011 | $179K | $187K | $134K | $35K | — | View 990 |
| 2010 | $190K | $181K | $143K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $240K, expenses of $240K, and assets of $322K (revenue -12.7% year-over-year).
- 2022: Revenue of $275K, expenses of $274K, and assets of $322K (revenue -32.0% year-over-year).
- 2021: Revenue of $404K, expenses of $247K, and assets of $375K (revenue +48.0% year-over-year).
- 2020: Revenue of $273K, expenses of $223K, and assets of $259K (revenue +7.4% year-over-year).
- 2019: Revenue of $254K, expenses of $294K, and assets of $168K (revenue -2.2% year-over-year).
- 2018: Revenue of $260K, expenses of $297K, and assets of $209K (revenue -19.8% year-over-year).
- 2017: Revenue of $324K, expenses of $300K, and assets of $246K (revenue +16.2% year-over-year).
- 2016: Revenue of $279K, expenses of $251K, and assets of $222K (revenue +32.0% year-over-year).
- 2015: Revenue of $211K, expenses of $235K, and assets of $195K (revenue -13.4% year-over-year).
- 2014: Revenue of $244K, expenses of $227K, and assets of $217K (revenue +0.6% year-over-year).
- 2013: Revenue of $243K, expenses of $218K, and assets of $200K (revenue -11.0% year-over-year).
- 2012: Revenue of $273K, expenses of $197K, and assets of $175K (revenue +52.5% year-over-year).
- 2011: Revenue of $179K, expenses of $187K, and assets of $134K (revenue -5.9% year-over-year).
- 2010: Revenue of $190K, expenses of $181K, and assets of $143K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daponte String Quartet Foundation:
Data Sources and Methodology
This transparency report for Daponte String Quartet 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.