Dear Foundation Inc
EIN: 464064762 · Raleigh, NC · NTEE: I80
Is Dear Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dear Foundation Inc
Dear Foundation Inc (EIN: 464064762) is a nonprofit organization based in Raleigh, NC, classified under NTEE code I80. The organization reported total revenue of $312K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dear Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dear Foundation Inc is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2014–2016). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $328K |
| Surplus / Deficit | $-16,746 |
| Total Assets | $41K |
| Total Liabilities | $35K |
| Net Assets | $6K |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 86.3% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2016, Dear Foundation Inc reported a deficit of $17K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 86.3% (high leverage).
Financial Trends
Over 3 years of filings (2014–2016), Dear Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -8.1% | -2.4% | +9.7% |
| 2015 | +35.3% | +37.3% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dear Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dear Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.3%.
Frequently Asked Questions about Dear Foundation Inc
Is Dear Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dear Foundation Inc (EIN: 464064762) insufficient data. 0 red flags identified, 0 strengths noted.
How does Dear Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Dear Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Dear Foundation Inc tax-deductible?
Dear Foundation Inc is registered as a tax-exempt nonprofit (EIN: 464064762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Dear Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2014–2016), Dear Foundation Inc's revenue has grown by 24.4%, moving from $250K to $312K. Total assets increased by 11.3% over the same period, from $37K to $41K. Total functional expenses rose by 34.1%, from $245K to $328K. In its most recent filing year (2016), Dear Foundation Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $35K in liabilities against $41K in assets (debt-to-asset ratio: 86.3%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $312K | $328K | $41K | $35K | — | View 990 |
| 2015 | $339K | $336K | $37K | $15K | — | View 990 |
| 2014 | $250K | $245K | $37K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $312K, expenses of $328K, and assets of $41K (revenue -8.1% year-over-year).
- 2015: Revenue of $339K, expenses of $336K, and assets of $37K (revenue +35.3% year-over-year).
- 2014: Revenue of $250K, expenses of $245K, and assets of $37K.
Data Sources and Methodology
This transparency report for Dear 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.