Dimatteo Family Charitable Foundation Inc
Dimatteo Family Charitable Foundation consistently operates with minimal assets and no officer compensation, distributing nearly all revenue annually.
EIN: 204145735 · Shelton, CT · NTEE: T30 · Updated: 2026-03-28
Is Dimatteo Family Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dimatteo Family Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dimatteo Family Charitable Foundation Inc
Dimatteo Family Charitable Foundation Inc (EIN: 204145735) is a nonprofit organization based in Shelton, CT, classified under NTEE code T30. The organization reported total revenue of $191K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dimatteo Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dimatteo Family Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 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 | $57K |
| Total Expenses | $56K |
| Surplus / Deficit | +$640 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | 1.1% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2023, Dimatteo Family Charitable Foundation Inc reported a surplus of $640 with revenue exceeding expenses, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Dimatteo Family Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | -9.8% | +64.7% |
| 2022 | +28.3% | +28.2% | -13.2% |
| 2021 | +25.8% | +23.5% | -12.7% |
| 2020 | -17.6% | -14.7% | -39.4% |
| 2019 | -11.2% | -11.2% | +35.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Dimatteo Family Charitable Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Dimatteo Family Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $640, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is entirely volunteer-based, which significantly enhances its spending efficiency.
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.
Strengths
The following positive indicators were identified for Dimatteo Family Charitable Foundation Inc:
- Zero officer compensation across all filings, indicating volunteer leadership and high efficiency.
- Consistent financial stability with expenses closely matching revenue, suggesting effective fund distribution.
- Zero liabilities reported in all available periods, indicating strong financial management.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
- Minimal assets suggest a direct pass-through model, with funds quickly reaching beneficiaries.
Frequently Asked Questions about Dimatteo Family Charitable Foundation Inc
Is Dimatteo Family Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dimatteo Family Charitable Foundation Inc (EIN: 204145735) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Dimatteo Family Charitable Foundation Inc spend its money?
Dimatteo Family Charitable Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dimatteo Family Charitable Foundation Inc tax-deductible?
Dimatteo Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204145735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dimatteo Family Charitable Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a good charity, particularly for its size. It consistently spends nearly all its revenue on its mission, has no liabilities, and pays no officer compensation, indicating high efficiency and a strong commitment to its charitable purpose.
How does the foundation manage its finances given its small asset base?
The foundation operates with a very small asset base (e.g., $1,629 in 2023) and consistently matches expenses to revenue. This suggests a 'pass-through' model where funds received are quickly distributed, rather than accumulated or invested.
What is the trend in the foundation's revenue and expenses?
The foundation's revenue and expenses have remained relatively stable over the past decade, typically fluctuating between $38,000 and $62,000 annually, with expenses closely mirroring revenue each year.
Filing History
IRS 990 filing history for Dimatteo Family Charitable Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dimatteo Family Charitable Foundation Inc's revenue has grown by 40%, moving from $41K to $57K. Total assets decreased by 90.3% over the same period, from $17K to $2K. Total functional expenses fell by 1.9%, from $57K to $56K. In its most recent filing year (2023), Dimatteo Family Charitable Foundation Inc reported a surplus of $640, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $56K | $2K | $0 | — | View 990 |
| 2022 | $62K | $62K | $989 | $0 | — | View 990 |
| 2021 | $49K | $49K | $1K | $0 | — | View 990 |
| 2020 | $39K | $39K | $1K | $0 | — | — |
| 2019 | $47K | $46K | $2K | $0 | — | View 990 |
| 2018 | $53K | $52K | $2K | $0 | — | View 990 |
| 2017 | $56K | $56K | $991 | $0 | — | View 990 |
| 2016 | $50K | $51K | $773 | $0 | — | View 990 |
| 2015 | $43K | $42K | $2K | $0 | — | View 990 |
| 2014 | $47K | $47K | $782 | $0 | — | View 990 |
| 2013 | $49K | $65K | $879 | $0 | — | View 990 |
| 2012 | $52K | $52K | $17K | $0 | — | View 990 |
| 2011 | $41K | $57K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $56K, and assets of $2K (revenue -8.6% year-over-year).
- 2022: Revenue of $62K, expenses of $62K, and assets of $989 (revenue +28.3% year-over-year).
- 2021: Revenue of $49K, expenses of $49K, and assets of $1K (revenue +25.8% year-over-year).
- 2020: Revenue of $39K, expenses of $39K, and assets of $1K (revenue -17.6% year-over-year).
- 2019: Revenue of $47K, expenses of $46K, and assets of $2K (revenue -11.2% year-over-year).
- 2018: Revenue of $53K, expenses of $52K, and assets of $2K (revenue -5.6% year-over-year).
- 2017: Revenue of $56K, expenses of $56K, and assets of $991 (revenue +12.1% year-over-year).
- 2016: Revenue of $50K, expenses of $51K, and assets of $773 (revenue +15.6% year-over-year).
- 2015: Revenue of $43K, expenses of $42K, and assets of $2K (revenue -8.5% year-over-year).
- 2014: Revenue of $47K, expenses of $47K, and assets of $782 (revenue -4.6% year-over-year).
- 2013: Revenue of $49K, expenses of $65K, and assets of $879 (revenue -5.8% year-over-year).
- 2012: Revenue of $52K, expenses of $52K, and assets of $17K (revenue +28.7% year-over-year).
- 2011: Revenue of $41K, expenses of $57K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dimatteo Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Dimatteo Family Charitable 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.