Doe Fund Inc
Doe Fund Inc. maintains substantial assets and operations, with recent expenses slightly exceeding revenue.
EIN: 133412540 · New York, NY · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66.6M |
| Total Expenses | $66.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $64.0M |
| Transparency Score | 75/100 |
Is Doe Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Doe Fund Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Doe Fund Inc
Doe Fund Inc (EIN: 133412540) is a nonprofit organization based in New York, NY, classified under NTEE code L210. The organization reported total revenue of $66.6M and total assets of $214.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doe Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Doe Fund Inc is a major nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66.4M |
| Total Expenses | $66.9M |
| Surplus / Deficit | $-551,514 |
| Total Assets | $203.0M |
| Total Liabilities | $139.1M |
| Net Assets | $64.0M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 68.5% |
| Months of Reserves | 36.4 months |
Financial Health Grade: C
In 2023, Doe Fund Inc reported a deficit of $552K with expenses exceeding revenue, holds 36.4 months of operating reserves (strong position), has a debt-to-asset ratio of 68.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Doe Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +16.1% | +29.7% |
| 2022 | +3.1% | -2.0% | +15.8% |
| 2021 | +16.5% | +4.3% | +33.5% |
| 2020 | +15.0% | +8.6% | +10.5% |
| 2019 | +7.0% | +2.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Doe Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Doe Fund Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $552K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.5%.
Executive Compensation Analysis
The provided data consistently reports 'Officer Comp=0%' across all filings, which is highly unusual for an organization with annual revenues exceeding $60 million and assets over $200 million. This suggests executive compensation may be reported under other expense categories or is not disclosed in this summary, warranting further investigation for complete transparency.
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 Doe Fund Inc's IRS 990 filings:
- Consistent reporting of 'Officer Comp=0%' for a large organization, which may obscure actual executive compensation.
- Significant and consistently high liabilities relative to assets (e.g., $139M liabilities vs. $203M assets in 2023), warranting further investigation into their nature.
- Expenses ($66.9M) exceeding revenue ($66.3M) in the latest filing (202306), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Doe Fund Inc:
- Substantial asset growth over the past decade, from $45M in 2014 to over $200M in 2023, indicating strong financial accumulation.
- Consistent operational scale with annual revenues in the tens of millions, demonstrating a robust and established presence.
- Significant financial capacity to deliver programs, supported by over $200 million in assets.
Frequently Asked Questions about Doe Fund Inc
Is Doe Fund Inc a legitimate charity?
Doe Fund Inc (EIN: 133412540) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $66.6M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Doe Fund Inc spend its money?
Doe Fund Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Doe Fund Inc tax-deductible?
Doe Fund Inc is registered as a tax-exempt nonprofit (EIN: 133412540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Doe Fund Inc CEO make?
Doe Fund Inc's highest-compensated officer earns $60 annually. The organization reported $66.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Doe Fund Inc's spending goes to programs?
Doe Fund Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Doe Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Doe Fund Inc is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Doe Fund Inc located?
Doe Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133412540. It is classified under NTEE code L210.
How many years of IRS 990 filings does Doe Fund Inc have?
Doe Fund Inc has 13 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 $66.6M in total revenue.
Why is 'Officer Comp=0%' reported across all filings for an organization of this size?
The consistent reporting of zero officer compensation is atypical for a nonprofit with revenues in the tens of millions and assets over $200 million. This could indicate that executive compensation is categorized differently within the IRS Form 990, or that the organization has a unique compensation structure. Further review of the full 990 forms (Part VII, Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees) would be necessary to understand how executive compensation is handled and disclosed.
What is the nature of the significant liabilities, which are consistently over 50% of assets?
The Doe Fund Inc. consistently carries substantial liabilities, reaching $139 million against $203 million in assets in 2023. Understanding the composition of these liabilities (e.g., mortgages, program-related investments, accounts payable) is crucial for assessing the organization's financial risk and long-term stability. High liabilities, while not inherently negative, require careful management and transparency.
How does the organization plan to address the recent deficit where expenses exceeded revenue in the 202306 period?
In the 202306 period, The Doe Fund reported expenses of $66,929,955 against revenues of $66,378,441, resulting in a deficit. While a single year's deficit is not necessarily alarming, a trend of expenses exceeding revenue could impact the organization's financial reserves and sustainability. It would be important to understand if this was an intentional strategic decision, a temporary fluctuation, or an area of concern for future financial planning.
Filing History
IRS 990 filing history for Doe Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Doe Fund Inc's revenue has grown by 342.1%, moving from $15.0M to $66.4M. Total assets increased by 299.5% over the same period, from $50.8M to $203.0M. Total functional expenses rose by 527.4%, from $10.7M to $66.9M. In its most recent filing year (2023), Doe Fund Inc reported a deficit of $552K, with expenses exceeding revenue. The organization holds $139.1M in liabilities against $203.0M in assets (debt-to-asset ratio: 68.5%), resulting in net assets of $64.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66.4M | $66.9M | $203.0M | $139.1M | — | — |
| 2022 | $78.4M | $57.7M | $156.5M | $92.1M | — | View 990 |
| 2021 | $76.1M | $58.9M | $135.1M | $91.3M | — | View 990 |
| 2020 | $65.3M | $56.4M | $101.2M | $74.5M | — | View 990 |
| 2019 | $56.8M | $52.0M | $91.6M | $73.8M | — | View 990 |
| 2018 | $53.1M | $50.5M | $87.5M | $74.5M | — | View 990 |
| 2017 | $49.9M | $46.2M | $75.6M | $65.2M | — | — |
| 2016 | $7.6M | $11.9M | $82.1M | $64.0M | — | View 990 |
| 2015 | $8.2M | $11.5M | $83.9M | $60.3M | — | View 990 |
| 2014 | $17.5M | $11.9M | $45.1M | $18.2M | — | View 990 |
| 2013 | $12.3M | $12.6M | $50.9M | $29.6M | — | View 990 |
| 2012 | $9.6M | $12.0M | $49.7M | $28.2M | — | View 990 |
| 2011 | $15.0M | $10.7M | $50.8M | $27.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66.4M, expenses of $66.9M, and assets of $203.0M (revenue -15.4% year-over-year).
- 2022: Revenue of $78.4M, expenses of $57.7M, and assets of $156.5M (revenue +3.1% year-over-year).
- 2021: Revenue of $76.1M, expenses of $58.9M, and assets of $135.1M (revenue +16.5% year-over-year).
- 2020: Revenue of $65.3M, expenses of $56.4M, and assets of $101.2M (revenue +15.0% year-over-year).
- 2019: Revenue of $56.8M, expenses of $52.0M, and assets of $91.6M (revenue +7.0% year-over-year).
- 2018: Revenue of $53.1M, expenses of $50.5M, and assets of $87.5M (revenue +6.4% year-over-year).
- 2017: Revenue of $49.9M, expenses of $46.2M, and assets of $75.6M (revenue +559.8% year-over-year).
- 2016: Revenue of $7.6M, expenses of $11.9M, and assets of $82.1M (revenue -7.8% year-over-year).
- 2015: Revenue of $8.2M, expenses of $11.5M, and assets of $83.9M (revenue -53.2% year-over-year).
- 2014: Revenue of $17.5M, expenses of $11.9M, and assets of $45.1M (revenue +41.9% year-over-year).
- 2013: Revenue of $12.3M, expenses of $12.6M, and assets of $50.9M (revenue +28.1% year-over-year).
- 2012: Revenue of $9.6M, expenses of $12.0M, and assets of $49.7M (revenue -35.8% year-over-year).
- 2011: Revenue of $15.0M, expenses of $10.7M, and assets of $50.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Doe Fund Inc:
Data Sources and Methodology
This transparency report for Doe Fund 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.