Domenica Foundation Inc
Domenica Foundation Inc. consistently spends more than it earns, drawing down substantial assets.
EIN: 203904706 · Haddon Twp, NJ · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $7.7M |
| Transparency Score | 75/100 |
Is Domenica Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Domenica Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Domenica Foundation Inc
Domenica Foundation Inc (EIN: 203904706) is a nonprofit organization based in Haddon Twp, NJ, classified under NTEE code T23. The organization reported total revenue of $2.0M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Domenica Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Domenica Foundation Inc is a mid-size 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 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $592K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-502,788 |
| Total Assets | $8.4M |
| Total Liabilities | $629K |
| Net Assets | $7.7M |
| Operating Margin | -85.0% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 91.8 months |
Financial Health Grade: B
In 2023, Domenica Foundation Inc reported a deficit of $503K with expenses exceeding revenue, holds 91.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Domenica Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +2.2% | +1.5% |
| 2022 | -58.3% | +18.1% | -6.2% |
| 2021 | +80.3% | +13.7% | +4.1% |
| 2020 | +136.2% | +13.3% | -1.2% |
| 2019 | -64.6% | +49.2% | +3.4% |
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 Domenica Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Domenica Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $503K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
The Domenica Foundation Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a strong positive, suggesting that all funds are directed towards the organization's mission rather than executive pay, especially for an organization with over $10 million in assets.
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 Domenica Foundation Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $1.09M vs. revenue $0.59M)
- Recent decline in assets from $8.79M in 2021 to $8.37M in 2023, potentially due to deficit spending.
Strengths
The following positive indicators were identified for Domenica Foundation Inc:
- Strong asset base of $10,969,622 providing financial stability.
- Consistent IRS 990 filing history demonstrating transparency.
- 0% officer compensation, indicating a strong commitment to mission-focused spending.
- Significant long-term asset growth from $5.3M in 2011 to $10.9M currently.
Frequently Asked Questions about Domenica Foundation Inc
Is Domenica Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Domenica Foundation Inc (EIN: 203904706) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Domenica Foundation Inc spend its money?
Domenica Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Domenica Foundation Inc tax-deductible?
Domenica Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203904706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Domenica Foundation Inc CEO make?
Domenica Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Domenica Foundation Inc's spending goes to programs?
Domenica Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Domenica Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Domenica Foundation Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Domenica Foundation Inc located?
Domenica Foundation Inc is headquartered in Haddon Twp, New Jersey and files with the IRS under EIN 203904706. It is classified under NTEE code T23.
How many years of IRS 990 filings does Domenica Foundation Inc have?
Domenica 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 $2.0M in total revenue.
Is Domenica Foundation Inc. financially sustainable given its recent deficit spending?
The organization has consistently spent more than its revenue in recent years (e.g., $1,094,353 expenses vs. $591,565 revenue in 2023). While it has a substantial asset base of $10,969,622, this trend is not sustainable long-term without increased revenue or reduced expenses.
How does the organization manage its significant asset base?
The organization's assets have grown significantly over time, from $5,331,979 in 2011 to $10,969,622 currently. However, recent years show a slight decline in assets, suggesting they might be used to cover operational deficits.
What is the primary purpose of the Domenica Foundation Inc. based on its NTEE code?
The NTEE code T23 typically indicates a focus on 'Private Grantmaking Foundations,' meaning it primarily provides grants to other organizations or individuals rather than directly operating programs.
What is the impact of 0% officer compensation on the organization's operations?
The 0% officer compensation is a strong indicator that the organization is run by volunteers or that compensation is covered by other means, allowing more of its financial resources to be allocated directly to its mission or grantmaking activities.
Filing History
IRS 990 filing history for Domenica Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Domenica Foundation Inc's revenue has grown by 241.8%, moving from $173K to $592K. Total assets increased by 57.1% over the same period, from $5.3M to $8.4M. Total functional expenses rose by 306.9%, from $269K to $1.1M. In its most recent filing year (2023), Domenica Foundation Inc reported a deficit of $503K, with expenses exceeding revenue. The organization holds $629K in liabilities against $8.4M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $592K | $1.1M | $8.4M | $629K | — | View 990 |
| 2022 | $522K | $1.1M | $8.2M | $1 | — | View 990 |
| 2021 | $1.3M | $907K | $8.8M | $1 | — | — |
| 2020 | $695K | $798K | $8.5M | $1 | — | — |
| 2019 | $294K | $704K | $8.6M | $1 | — | View 990 |
| 2015 | $830K | $472K | $8.3M | $87K | — | View 990 |
| 2014 | $1.2M | $402K | $6.2M | $77K | — | View 990 |
| 2013 | $243K | $402K | $5.4M | $1 | — | View 990 |
| 2012 | $581K | $380K | $5.5M | $0 | — | View 990 |
| 2011 | $173K | $269K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $592K, expenses of $1.1M, and assets of $8.4M (revenue +13.4% year-over-year).
- 2022: Revenue of $522K, expenses of $1.1M, and assets of $8.2M (revenue -58.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $907K, and assets of $8.8M (revenue +80.3% year-over-year).
- 2020: Revenue of $695K, expenses of $798K, and assets of $8.5M (revenue +136.2% year-over-year).
- 2019: Revenue of $294K, expenses of $704K, and assets of $8.6M (revenue -64.6% year-over-year).
- 2015: Revenue of $830K, expenses of $472K, and assets of $8.3M (revenue -29.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $402K, and assets of $6.2M (revenue +387.0% year-over-year).
- 2013: Revenue of $243K, expenses of $402K, and assets of $5.4M (revenue -58.2% year-over-year).
- 2012: Revenue of $581K, expenses of $380K, and assets of $5.5M (revenue +235.9% year-over-year).
- 2011: Revenue of $173K, expenses of $269K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Domenica Foundation Inc:
Data Sources and Methodology
This transparency report for Domenica 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.