Doris Duke Foundation Inc
Doris Duke Foundation Inc. shows fluctuating revenues and expenses, with recent years often operating at a deficit.
EIN: 131655241 · New York, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $8.1M |
| Transparency Score | 75/100 |
Is Doris Duke Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Doris Duke Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Doris Duke Foundation Inc
Doris Duke Foundation Inc (EIN: 131655241) is a nonprofit organization based in New York, NY, classified under NTEE code B99. The organization reported total revenue of $3.3M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doris Duke Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Doris Duke Foundation Inc is a mid-size nonprofit that has been operating for 73 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-2,381,308 |
| Total Assets | $11.8M |
| Total Liabilities | $3.7M |
| Net Assets | $8.1M |
| Operating Margin | -66.3% |
| Debt-to-Asset Ratio | 31.4% |
| Months of Reserves | 23.6 months |
Financial Health Grade: B
In 2023, Doris Duke Foundation Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 31.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Doris Duke Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.4% | +1041.6% | -5.9% |
| 2022 | +76.4% | -76.7% | +12.2% |
| 2021 | +1.6% | -11.9% | +5.4% |
| 2020 | +30.2% | +28.0% | +12.3% |
| 2019 | -66.7% | -71.5% | -56.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1953 |
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 Doris Duke 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Doris Duke Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received reportable compensation from the organization, which is highly commendable for an organization of its asset size.
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 Doris Duke Foundation Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2020, 2019, 2015, 2012) where expenses exceeded revenue.
- Significant decrease in total assets from $21,702,579 in 2015 to $11,758,296 in 2023.
- Highly volatile revenue streams, with large swings year-over-year (e.g., $12.8M in 2013 to $0.5M in 2011).
Strengths
The following positive indicators were identified for Doris Duke Foundation Inc:
- Consistent 0% officer compensation, indicating strong control over executive overhead.
- Long history of IRS 990 filings, demonstrating commitment to transparency.
- Maintains a substantial asset base ($11,758,296 in 2023) despite operating deficits.
Frequently Asked Questions about Doris Duke Foundation Inc
Is Doris Duke Foundation Inc a legitimate charity?
Doris Duke Foundation Inc (EIN: 131655241) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Doris Duke Foundation Inc spend its money?
Doris Duke Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Doris Duke Foundation Inc tax-deductible?
Doris Duke Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131655241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Doris Duke Foundation Inc's spending goes to programs?
Doris Duke Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Doris Duke Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Doris Duke Foundation Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Doris Duke Foundation Inc located?
Doris Duke Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 131655241. It is classified under NTEE code B99.
How many years of IRS 990 filings does Doris Duke Foundation Inc have?
Doris Duke 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 $3.3M in total revenue.
Is Doris Duke Foundation Inc. financially stable given its fluctuating revenue and expenses?
The organization's financial stability appears to be variable. While it holds significant assets ($11,758,296 in 2023), it has frequently reported expenses exceeding revenue, such as in 2023 where expenses were $5,974,933 against $3,593,625 in revenue. This suggests a reliance on its asset base or prior year surpluses to cover operational costs, which could be unsustainable long-term without consistent revenue generation.
How does the organization manage its assets given the significant decrease from 2015?
The organization's assets decreased from a peak of $21,702,579 in 2015 to $11,758,296 in 2023. This nearly 46% reduction over eight years, coupled with periods of expenses exceeding revenue, suggests either significant program spending, investment losses, or strategic asset utilization. A deeper dive into their investment strategies and major disbursements would be necessary to understand this trend.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's officers may be uncompensated volunteers, or their compensation is covered by a related entity, or falls below the reporting threshold. This is a strong positive for minimizing administrative overhead.
Filing History
IRS 990 filing history for Doris Duke Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Doris Duke Foundation Inc's revenue has grown by 577%, moving from $531K to $3.6M. Total assets increased by 127.3% over the same period, from $5.2M to $11.8M. Total functional expenses rose by 237.5%, from $1.8M to $6.0M. In its most recent filing year (2023), Doris Duke Foundation Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $11.8M in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $6.0M | $11.8M | $3.7M | — | — |
| 2022 | $4.5M | $523K | $12.5M | $2.1M | — | View 990 |
| 2021 | $2.5M | $2.2M | $11.1M | $3.5M | — | View 990 |
| 2020 | $2.5M | $2.5M | $10.6M | $3.4M | — | — |
| 2019 | $1.9M | $2.0M | $9.4M | $3.0M | — | View 990 |
| 2015 | $5.7M | $7.0M | $21.7M | $11.7M | — | View 990 |
| 2014 | $7.0M | $6.8M | $21.7M | $10.3M | — | View 990 |
| 2013 | $12.8M | $5.7M | $18.9M | $7.8M | — | View 990 |
| 2012 | $6.0M | $6.0M | $9.7M | $6.1M | — | View 990 |
| 2011 | $531K | $1.8M | $5.2M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $6.0M, and assets of $11.8M (revenue -19.4% year-over-year).
- 2022: Revenue of $4.5M, expenses of $523K, and assets of $12.5M (revenue +76.4% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.2M, and assets of $11.1M (revenue +1.6% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $10.6M (revenue +30.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $9.4M (revenue -66.7% year-over-year).
- 2015: Revenue of $5.7M, expenses of $7.0M, and assets of $21.7M (revenue -18.1% year-over-year).
- 2014: Revenue of $7.0M, expenses of $6.8M, and assets of $21.7M (revenue -45.5% year-over-year).
- 2013: Revenue of $12.8M, expenses of $5.7M, and assets of $18.9M (revenue +114.6% year-over-year).
- 2012: Revenue of $6.0M, expenses of $6.0M, and assets of $9.7M (revenue +1026.6% year-over-year).
- 2011: Revenue of $531K, expenses of $1.8M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Doris Duke Foundation Inc:
Data Sources and Methodology
This transparency report for Doris Duke 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.