Darsey Family Foundation Inc
Darsey Family Foundation maintains stable assets with fluctuating revenue and no officer compensation.
EIN: 20762799 · Albany, GA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $19K |
| Program Spending | 90% |
| Net Assets | $397K |
| Transparency Score | 80/100 |
Is Darsey Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Darsey Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Darsey Family Foundation Inc
Darsey Family Foundation Inc (EIN: 20762799) is a nonprofit organization based in Albany, GA, classified under NTEE code B82. The organization reported total revenue of $250K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Darsey Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Darsey Family Foundation Inc is a small 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 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $19K |
| Surplus / Deficit | $-13,517 |
| Total Assets | $397K |
| Total Liabilities | $1 |
| Net Assets | $397K |
| Operating Margin | -231.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 246.3 months |
Financial Health Grade: B
In 2023, Darsey Family Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 246.3 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), Darsey Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.8% | +72.3% | -3.3% |
| 2022 | +52.7% | -78.0% | +7.1% |
| 2021 | +55.3% | +29.0% | -6.3% |
| 2020 | -28.7% | +255.6% | -5.4% |
| 2019 | +54.6% | -66.3% | -0.3% |
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 Darsey Family Foundation Inc with a Mission Score of 80 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, Darsey Family Foundation Inc 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a nonprofit of its size.
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 Darsey Family Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $307,187 in 2013 vs. $5,845 in 2023)
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns without clear justification of program impact.
Strengths
The following positive indicators were identified for Darsey Family Foundation Inc:
- Consistent asset growth over time, from $176,161 in 2011 to $397,481 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
- Minimal liabilities ($1) consistently reported, showing strong financial health and no debt burden.
- Long history of IRS 990 filings (10 filings), demonstrating consistent reporting and transparency.
Frequently Asked Questions about Darsey Family Foundation Inc
Is Darsey Family Foundation Inc a legitimate charity?
Darsey Family Foundation Inc (EIN: 20762799) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $250K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Darsey Family Foundation Inc spend its money?
Darsey Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Darsey Family Foundation Inc tax-deductible?
Darsey Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20762799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Darsey Family Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Darsey Family Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Darsey Family Foundation Inc located?
Darsey Family Foundation Inc is headquartered in Albany, Georgia and files with the IRS under EIN 20762799. It is classified under NTEE code B82.
How many years of IRS 990 filings does Darsey Family Foundation Inc have?
Darsey Family Foundation Inc 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 $250K in total revenue.
Is Darsey Family Foundation Inc. financially stable?
Yes, the foundation appears financially stable. While annual revenues fluctuate significantly, its assets have consistently grown from $176,161 in 2011 to $397,481 in 2023, and it reports minimal liabilities ($1) across all periods.
Does Darsey Family Foundation Inc. pay its officers?
No, the Darsey Family Foundation Inc. consistently reports 0% officer compensation in all available IRS 990 filings, indicating no salaries are paid to its executives.
What is the primary activity of Darsey Family Foundation Inc.?
Based on its NTEE code B82 (Private Grantmaking Foundations), the primary activity of the Darsey Family Foundation Inc. is likely making grants to other organizations or individuals, rather than directly operating programs.
Why do expenses sometimes exceed revenue for this organization?
As a private grantmaking foundation, it is common for expenses (primarily grants) to exceed annual revenue in some years. This indicates the foundation is likely drawing from its accumulated assets (endowment) to fulfill its grantmaking mission, as seen in 2023 where expenses were $19,362 against revenue of $5,845.
Filing History
IRS 990 filing history for Darsey Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Darsey Family Foundation Inc's revenue has grown by 39.4%, moving from $4K to $6K. Total assets increased by 125.6% over the same period, from $176K to $397K. Total functional expenses rose by 283.7%, from $5K to $19K. In its most recent filing year (2023), Darsey Family Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $397K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $397K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $19K | $397K | $1 | — | — |
| 2022 | $38K | $11K | $411K | $1 | — | View 990 |
| 2021 | $25K | $51K | $384K | $1 | — | View 990 |
| 2020 | $16K | $40K | $410K | $1 | — | — |
| 2019 | $23K | $11K | $433K | $1 | — | View 990 |
| 2015 | $15K | $33K | $434K | $1 | — | View 990 |
| 2014 | $22K | $28K | $452K | $1 | — | View 990 |
| 2013 | $307K | $24K | $458K | $1 | — | View 990 |
| 2012 | $4K | $6K | $175K | $1 | — | View 990 |
| 2011 | $4K | $5K | $176K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $19K, and assets of $397K (revenue -84.8% year-over-year).
- 2022: Revenue of $38K, expenses of $11K, and assets of $411K (revenue +52.7% year-over-year).
- 2021: Revenue of $25K, expenses of $51K, and assets of $384K (revenue +55.3% year-over-year).
- 2020: Revenue of $16K, expenses of $40K, and assets of $410K (revenue -28.7% year-over-year).
- 2019: Revenue of $23K, expenses of $11K, and assets of $433K (revenue +54.6% year-over-year).
- 2015: Revenue of $15K, expenses of $33K, and assets of $434K (revenue -34.6% year-over-year).
- 2014: Revenue of $22K, expenses of $28K, and assets of $452K (revenue -92.7% year-over-year).
- 2013: Revenue of $307K, expenses of $24K, and assets of $458K (revenue +6818.6% year-over-year).
- 2012: Revenue of $4K, expenses of $6K, and assets of $175K (revenue +5.9% year-over-year).
- 2011: Revenue of $4K, expenses of $5K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Darsey Family Foundation Inc:
Data Sources and Methodology
This transparency report for Darsey Family Foundation Inc 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.