Day Family Foundation
Day Family Foundation's assets have declined by over 50% in a decade due to consistent spending exceeding revenue.
EIN: 133025969 · Birmingham, AL · Updated: 2026-03-28
Is Day Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Day Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Day Family Foundation
Day Family Foundation (EIN: 133025969) is a nonprofit organization based in Birmingham, AL. The organization reported total revenue of $3K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Day Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Day Family Foundation is a micro nonprofit that has been operating for 46 years, with 6 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -32.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $57K |
| Surplus / Deficit | $-54,289 |
| Total Assets | $338K |
| Total Liabilities | $1 |
| Net Assets | $338K |
| Operating Margin | -1721.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.7 months |
Financial Health Grade: B
In 2020, Day Family Foundation reported a deficit of $54K with expenses exceeding revenue, holds 70.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2020), Day Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -72.0% | +14.3% | +1.7% |
| 2014 | -117.3% | -67.5% | -13.7% |
| 2013 | -45.2% | -49.7% | -21.6% |
| 2012 | -31.0% | +165.3% | -30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Day Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Day Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is not drawing a salary, which is a positive sign for resource allocation.
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 Day Family Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years.
- Significant decline in total assets from $790,913 in 2011 to $338,282 in 2020.
- Lack of detailed expense breakdown in the provided data, hindering analysis of program efficiency.
- Unknown NTEE code, making it difficult to understand the organization's specific mission and compare it to peers.
Strengths
The following positive indicators were identified for Day Family Foundation:
- Consistent filing of IRS Form 990s, indicating regulatory compliance.
- 0% officer compensation reported across all available filings, suggesting volunteer leadership or efficient use of funds for executive roles.
Frequently Asked Questions about Day Family Foundation
Is Day Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Day Family Foundation (EIN: 133025969) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Day Family Foundation spend its money?
Day Family Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Day Family Foundation tax-deductible?
Day Family Foundation is registered as a tax-exempt nonprofit (EIN: 133025969). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Day Family Foundation financially sustainable?
Based on the provided data, the foundation is not financially sustainable, as its expenses have consistently outpaced its revenue for at least the past decade, leading to a significant depletion of its assets.
What are the primary expenses of the Day Family Foundation?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. Without this information, it's impossible to determine the primary expense categories (e.g., grants, administrative costs, program services).
Why are the assets declining so rapidly?
The assets are declining because the foundation's annual expenses have consistently been much higher than its annual revenue. For example, in 2020, expenses were $57,442 while revenue was only $3,153.
Filing History
IRS 990 filing history for Day Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2020), Day Family Foundation's revenue has declined by 97.1%, moving from $108K to $3K. Total assets decreased by 57.2% over the same period, from $791K to $338K. Total functional expenses fell by 51.9%, from $119K to $57K. In its most recent filing year (2020), Day Family Foundation reported a deficit of $54K, with expenses exceeding revenue. The organization holds $1 in liabilities against $338K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $338K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $3K | $57K | $338K | $1 | — | View 990 |
| 2015 | $11K | $50K | $333K | $0 | — | View 990 |
| 2014 | $-7,065 | $52K | $372K | $0 | — | View 990 |
| 2013 | $41K | $159K | $431K | $0 | — | View 990 |
| 2012 | $75K | $317K | $549K | $0 | — | View 990 |
| 2011 | $108K | $119K | $791K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $3K, expenses of $57K, and assets of $338K (revenue -72.0% year-over-year).
- 2015: Revenue of $11K, expenses of $50K, and assets of $333K.
- 2014: Revenue of $-7,065, expenses of $52K, and assets of $372K (revenue -117.3% year-over-year).
- 2013: Revenue of $41K, expenses of $159K, and assets of $431K (revenue -45.2% year-over-year).
- 2012: Revenue of $75K, expenses of $317K, and assets of $549K (revenue -31.0% year-over-year).
- 2011: Revenue of $108K, expenses of $119K, and assets of $791K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Day Family Foundation:
Data Sources and Methodology
This transparency report for Day 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.