Doric Association Inc
Doric Association Inc. maintains stable assets with volunteer leadership, experiencing minor operating deficits in recent years.
EIN: 161688899 · Warwick, RI · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $105K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Doric Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Doric Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Doric Association Inc
Doric Association Inc (EIN: 161688899) is a nonprofit organization based in Warwick, RI, classified under NTEE code S47. The organization reported total revenue of $138K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doric Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Doric Association Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $105K |
| Surplus / Deficit | $-1,646 |
| Total Assets | $2.7M |
| Total Liabilities | $1.2M |
| Net Assets | $1.5M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 43.5% |
| Months of Reserves | 306.6 months |
Financial Health Grade: B
In 2023, Doric Association Inc reported a deficit of $2K with expenses exceeding revenue, holds 306.6 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Doric Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | +1.7% | +12.7% |
| 2022 | -11.8% | -16.1% | -13.2% |
| 2021 | +186.5% | +6.9% | +13.8% |
| 2020 | -18.4% | -14.6% | +1.9% |
| 2019 | -17.8% | -13.0% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Doric Association 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, Doric Association 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely run by volunteers or has a very lean, unpaid leadership structure, which is highly efficient for an organization of its size with annual revenues around $100,000.
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 Doric Association Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
- Minor operating deficit in the latest filing (202310: Expenses $105,106 > Revenue $103,460)
Strengths
The following positive indicators were identified for Doric Association Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency
- Substantial and stable asset base ($2,685,267 in 202310) providing financial security
- Low liabilities relative to assets, indicating good financial management
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance
Frequently Asked Questions about Doric Association Inc
Is Doric Association Inc a legitimate charity?
Doric Association Inc (EIN: 161688899) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $138K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Doric Association Inc spend its money?
Doric Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Doric Association Inc tax-deductible?
Doric Association Inc is registered as a tax-exempt nonprofit (EIN: 161688899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Doric Association Inc CEO make?
Doric Association Inc's highest-compensated officer earns $100,000. annually. The organization reported $138K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Doric Association Inc's spending goes to programs?
Doric Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Doric Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Doric Association Inc is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Doric Association Inc located?
Doric Association Inc is headquartered in Warwick, Rhode Island and files with the IRS under EIN 161688899. It is classified under NTEE code S47.
How many years of IRS 990 filings does Doric Association Inc have?
Doric Association 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 $138K in total revenue.
What are the specific programs or activities Doric Association Inc. undertakes?
The provided data does not detail specific programs. The NTEE code S47 indicates 'Fraternal Societies,' suggesting activities related to member engagement, community building, or specific cultural/social objectives for its members.
How does Doric Association Inc. manage to operate with 0% officer compensation?
The consistent 0% officer compensation suggests that the organization's leadership roles are filled by volunteers, or that any compensation falls below reporting thresholds or is covered by other means not classified as officer compensation on the 990.
What is the source of Doric Association Inc.'s substantial assets?
With assets consistently over $2 million while annual revenues are around $100,000-$150,000, it's likely the organization holds significant endowments, investments, or real estate. The filings do not specify the exact nature of these assets.
Has the organization experienced significant financial instability?
While there have been periods of expenses exceeding revenue (e.g., 202310, 202010, 201910, 201810), the organization's substantial and stable asset base (e.g., $2,685,267 in 202310) suggests it has the financial reserves to absorb these minor operating deficits without significant instability.
Filing History
IRS 990 filing history for Doric Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Doric Association Inc's revenue has grown by 74%, moving from $59K to $103K. Total assets increased by 63.5% over the same period, from $1.6M to $2.7M. Total functional expenses rose by 32.7%, from $79K to $105K. In its most recent filing year (2023), Doric Association Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $2.7M in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $105K | $2.7M | $1.2M | — | — |
| 2022 | $134K | $103K | $2.4M | $1.2M | — | View 990 |
| 2021 | $152K | $123K | $2.7M | $1.2M | — | — |
| 2020 | $53K | $115K | $2.4M | $1.2M | — | — |
| 2019 | $65K | $135K | $2.4M | $1.2M | — | View 990 |
| 2018 | $79K | $155K | $2.3M | $1.2M | — | View 990 |
| 2017 | $113K | $75K | $2.4M | $1.2M | — | View 990 |
| 2016 | $95K | $64K | $2.2M | $1.2M | — | View 990 |
| 2015 | $119K | $71K | $2.2M | $1.2M | — | View 990 |
| 2014 | $40K | $64K | $1.8M | $789K | — | View 990 |
| 2013 | $55K | $54K | $1.8M | $786K | — | View 990 |
| 2012 | $41K | $63K | $1.7M | $780K | — | View 990 |
| 2011 | $59K | $79K | $1.6M | $353K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $105K, and assets of $2.7M (revenue -23.0% year-over-year).
- 2022: Revenue of $134K, expenses of $103K, and assets of $2.4M (revenue -11.8% year-over-year).
- 2021: Revenue of $152K, expenses of $123K, and assets of $2.7M (revenue +186.5% year-over-year).
- 2020: Revenue of $53K, expenses of $115K, and assets of $2.4M (revenue -18.4% year-over-year).
- 2019: Revenue of $65K, expenses of $135K, and assets of $2.4M (revenue -17.8% year-over-year).
- 2018: Revenue of $79K, expenses of $155K, and assets of $2.3M (revenue -29.9% year-over-year).
- 2017: Revenue of $113K, expenses of $75K, and assets of $2.4M (revenue +19.2% year-over-year).
- 2016: Revenue of $95K, expenses of $64K, and assets of $2.2M (revenue -20.3% year-over-year).
- 2015: Revenue of $119K, expenses of $71K, and assets of $2.2M (revenue +194.6% year-over-year).
- 2014: Revenue of $40K, expenses of $64K, and assets of $1.8M (revenue -26.6% year-over-year).
- 2013: Revenue of $55K, expenses of $54K, and assets of $1.8M (revenue +33.5% year-over-year).
- 2012: Revenue of $41K, expenses of $63K, and assets of $1.7M (revenue -30.6% year-over-year).
- 2011: Revenue of $59K, expenses of $79K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Doric Association Inc:
Data Sources and Methodology
This transparency report for Doric Association 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.