Dare Msy Charitable Foundation
Dare Msy Charitable Foundation consistently spends more than it earns, drawing on substantial assets, with no reported officer compensation.
EIN: 207204930 · Boca Raton, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| Net Assets | $13.6M |
| Transparency Score | 85/100 |
Is Dare Msy Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dare Msy Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dare Msy Charitable Foundation
Dare Msy Charitable Foundation (EIN: 207204930) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T22. The organization reported total revenue of $3.7M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dare Msy Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dare Msy Charitable Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $784K |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-1,304,116 |
| Total Assets | $13.6M |
| Total Liabilities | $1 |
| Net Assets | $13.6M |
| Operating Margin | -166.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 78.3 months |
Financial Health Grade: B
In 2023, Dare Msy Charitable Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 78.3 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), Dare Msy Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.2% | +1327.4% | -8.7% |
| 2022 | +160.6% | -86.8% | +5.5% |
| 2021 | +3.3% | +7.1% | -3.5% |
| 2020 | -26.0% | +14.1% | -4.5% |
| 2019 | -22.2% | -46.1% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Dare Msy Charitable 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Dare Msy Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly by the foundation, which is highly favorable for minimizing administrative overhead.
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 Dare Msy Charitable Foundation's IRS 990 filings:
- Frequent periods of expenses significantly exceeding revenue, such as $2,088,543 in expenses vs. $784,427 in revenue in 202312, which, while common for private foundations, warrants understanding of asset utilization.
- Unusual consistent reporting of 'Liabilities=$1' across all filings, which may indicate a reporting anomaly.
Strengths
The following positive indicators were identified for Dare Msy Charitable Foundation:
- Substantial and stable asset base, consistently over $13 million, providing long-term financial security.
- Zero reported officer compensation across all filings, indicating efficient use of funds and low administrative overhead.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- As a private foundation, its primary purpose is grant-making, directly supporting other charitable activities.
Frequently Asked Questions about Dare Msy Charitable Foundation
Is Dare Msy Charitable Foundation a legitimate charity?
Dare Msy Charitable Foundation (EIN: 207204930) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Dare Msy Charitable Foundation spend its money?
Dare Msy Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Dare Msy Charitable Foundation tax-deductible?
Dare Msy Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 207204930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Dare Msy Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Dare Msy Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dare Msy Charitable Foundation located?
Dare Msy Charitable Foundation is headquartered in Boca Raton, Florida and files with the IRS under EIN 207204930. It is classified under NTEE code T22.
How many years of IRS 990 filings does Dare Msy Charitable Foundation have?
Dare Msy Charitable 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 $3.7M in total revenue.
Is Dare Msy Charitable Foundation a good charity?
As a private foundation, its 'goodness' is measured by its grant-making impact. Financially, it appears well-managed with substantial assets and no reported officer compensation, suggesting resources are directed towards its mission.
Why does the foundation consistently report 'Liabilities=$1'?
The consistent reporting of $1 in liabilities across all periods is highly unusual and could indicate a specific accounting practice or a reporting error. It suggests the foundation has virtually no outstanding debts or obligations.
How does the foundation sustain its operations given frequent expense overruns?
The foundation sustains operations by drawing from its significant asset base, which has consistently been over $13 million. This is a common practice for private foundations that may spend down endowments or rely on investment returns not always reflected as 'revenue' in a given year.
What is the primary focus of Dare Msy Charitable Foundation's grants?
Based on the NTEE code T22 (Private Grantmaking Foundations), the primary focus is making grants to other organizations. Specific grant recipients or program areas are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Dare Msy Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dare Msy Charitable Foundation's revenue has grown by 53.2%, moving from $512K to $784K. Total assets decreased by 9.1% over the same period, from $15.0M to $13.6M. Total functional expenses rose by 671.2%, from $271K to $2.1M. In its most recent filing year (2023), Dare Msy Charitable Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $784K | $2.1M | $13.6M | $1 | — | — |
| 2022 | $925K | $146K | $14.9M | $1 | — | View 990 |
| 2021 | $355K | $1.1M | $14.2M | $1 | — | View 990 |
| 2020 | $344K | $1.0M | $14.7M | $1 | — | View 990 |
| 2019 | $464K | $908K | $15.4M | $1 | — | View 990 |
| 2015 | $597K | $1.7M | $16.0M | $1 | — | View 990 |
| 2014 | $726K | $239K | $17.1M | $1 | — | View 990 |
| 2013 | $963K | $182K | $16.6M | $1 | — | View 990 |
| 2012 | $1.0M | $203K | $15.8M | $1 | — | View 990 |
| 2011 | $512K | $271K | $15.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $784K, expenses of $2.1M, and assets of $13.6M (revenue -15.2% year-over-year).
- 2022: Revenue of $925K, expenses of $146K, and assets of $14.9M (revenue +160.6% year-over-year).
- 2021: Revenue of $355K, expenses of $1.1M, and assets of $14.2M (revenue +3.3% year-over-year).
- 2020: Revenue of $344K, expenses of $1.0M, and assets of $14.7M (revenue -26.0% year-over-year).
- 2019: Revenue of $464K, expenses of $908K, and assets of $15.4M (revenue -22.2% year-over-year).
- 2015: Revenue of $597K, expenses of $1.7M, and assets of $16.0M (revenue -17.8% year-over-year).
- 2014: Revenue of $726K, expenses of $239K, and assets of $17.1M (revenue -24.6% year-over-year).
- 2013: Revenue of $963K, expenses of $182K, and assets of $16.6M (revenue -5.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $203K, and assets of $15.8M (revenue +98.8% year-over-year).
- 2011: Revenue of $512K, expenses of $271K, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dare Msy Charitable Foundation:
Data Sources and Methodology
This transparency report for Dare Msy Charitable 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.