Duane Reade Charitable Foundation
Duane Reade Charitable Foundation faces significant and sustained operating deficits, drawing down assets.
EIN: 208607795 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $432K |
| Program Spending | 70% |
| Net Assets | $216K |
| Transparency Score | 45/100 |
Is Duane Reade Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duane Reade Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Duane Reade Charitable Foundation
Duane Reade Charitable Foundation (EIN: 208607795) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $236K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duane Reade Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Duane Reade Charitable Foundation is a small nonprofit that has been operating for 17 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -49.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $432K |
| Surplus / Deficit | $-395,876 |
| Total Assets | $216K |
| Total Liabilities | $1 |
| Net Assets | $216K |
| Operating Margin | -1093.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2015, Duane Reade Charitable Foundation reported a deficit of $396K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Duane Reade Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -49.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -92.8% | -24.9% | -64.7% |
| 2014 | -28.0% | -17.5% | -10.7% |
| 2013 | -5.3% | -8.3% | +-0.0% |
| 2012 | +29.5% | +117.0% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Duane Reade Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Duane Reade Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $396K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no executive salaries are paid, which is highly favorable for donor confidence and resource allocation.
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 Duane Reade Charitable Foundation's IRS 990 filings:
- Consistent and significant operating deficits across multiple years (e.g., $36,210 revenue vs. $432,086 expenses in 2015).
- Declining asset base, from $781,769 in 2011 to $164,268 currently, indicating unsustainable spending.
- Revenue has significantly decreased from a high of $736,036 in 2012 to $235,545 currently, impacting financial stability.
Strengths
The following positive indicators were identified for Duane Reade Charitable Foundation:
- Zero officer compensation reported across all available filings, demonstrating a commitment to minimizing administrative overhead in this area.
- Historically low or zero liabilities, indicating responsible debt management.
Frequently Asked Questions about Duane Reade Charitable Foundation
Is Duane Reade Charitable Foundation a legitimate charity?
Duane Reade Charitable Foundation (EIN: 208607795) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 5 years of IRS 990 filings on record. Total revenue: $236K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Duane Reade Charitable Foundation spend its money?
Duane Reade Charitable Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Duane Reade Charitable Foundation tax-deductible?
Duane Reade Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208607795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Duane Reade Charitable Foundation's spending goes to programs?
Duane Reade Charitable Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Duane Reade Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Duane Reade Charitable Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Duane Reade Charitable Foundation located?
Duane Reade Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208607795. It is classified under NTEE code T22.
How many years of IRS 990 filings does Duane Reade Charitable Foundation have?
Duane Reade Charitable Foundation has 5 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 $236K in total revenue.
What are the specific program activities funded by the Duane Reade Charitable Foundation?
The provided data does not detail specific program activities, only financial aggregates. Further investigation into their IRS 990 forms would be needed to identify their programmatic focus.
How does the foundation plan to address its consistent operating deficits?
The financial filings consistently show expenses exceeding revenue, leading to asset depletion. The provided data does not include a strategic plan for addressing these deficits.
What is the current expense breakdown (program, admin, fundraising) for the latest fiscal period?
The provided summary data does not include a detailed breakdown of expenses for the latest period, making it difficult to assess current spending efficiency accurately.
Filing History
IRS 990 filing history for Duane Reade Charitable Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Duane Reade Charitable Foundation's revenue has declined by 93.6%, moving from $568K to $36K. Total assets decreased by 72.4% over the same period, from $782K to $216K. Total functional expenses rose by 23.2%, from $351K to $432K. In its most recent filing year (2015), Duane Reade Charitable Foundation reported a deficit of $396K, with expenses exceeding revenue. The organization holds $1 in liabilities against $216K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $36K | $432K | $216K | $1 | — | View 990 |
| 2014 | $502K | $575K | $612K | $0 | — | View 990 |
| 2013 | $697K | $697K | $685K | $0 | — | View 990 |
| 2012 | $736K | $761K | $685K | $1 | — | View 990 |
| 2011 | $568K | $351K | $782K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $36K, expenses of $432K, and assets of $216K (revenue -92.8% year-over-year).
- 2014: Revenue of $502K, expenses of $575K, and assets of $612K (revenue -28.0% year-over-year).
- 2013: Revenue of $697K, expenses of $697K, and assets of $685K (revenue -5.3% year-over-year).
- 2012: Revenue of $736K, expenses of $761K, and assets of $685K (revenue +29.5% year-over-year).
- 2011: Revenue of $568K, expenses of $351K, and assets of $782K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Duane Reade Charitable Foundation:
Data Sources and Methodology
This transparency report for Duane Reade Charitable Foundation 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.