Duffy Family Foundation
Duffy Family Foundation's assets grew to nearly $10M despite recent years of expenses exceeding revenue.
EIN: 208098818 · Omaha, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $9.7M |
| Transparency Score | 85/100 |
Is Duffy Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Duffy Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Duffy Family Foundation
Duffy Family Foundation (EIN: 208098818) is a nonprofit organization based in Omaha, NE, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Duffy Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Duffy Family Foundation 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 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $422K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-689,189 |
| Total Assets | $9.7M |
| Total Liabilities | $10K |
| Net Assets | $9.7M |
| Operating Margin | -163.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 104.5 months |
Financial Health Grade: B
In 2023, Duffy Family Foundation reported a deficit of $689K with expenses exceeding revenue, holds 104.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Duffy Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -2.2% | +1.1% |
| 2022 | -44.9% | +13.6% | -6.1% |
| 2021 | -88.0% | +10.8% | -1.2% |
| 2020 | +1155.3% | +8.3% | +160.1% |
| 2019 | -70.8% | +59.4% | +25.6% |
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 Duffy Family Foundation with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Duffy Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $689K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Duffy Family Foundation reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, 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 Duffy Family Foundation's IRS 990 filings:
- Consistent recent years with expenses significantly exceeding revenue, potentially indicating unsustainable spending without a clear explanation of asset draw-down strategy.
Strengths
The following positive indicators were identified for Duffy Family Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient governance regarding executive pay.
- Significant growth in assets over the past decade, from $2,031,450 in 2011 to $9,999,175 currently, demonstrating strong financial stewardship.
- Low liabilities reported in most periods, suggesting sound financial management and minimal debt burden.
Frequently Asked Questions about Duffy Family Foundation
Is Duffy Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Duffy Family Foundation (EIN: 208098818) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Duffy Family Foundation spend its money?
Duffy Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Duffy Family Foundation tax-deductible?
Duffy Family Foundation is registered as a tax-exempt nonprofit (EIN: 208098818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Duffy Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Duffy Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Duffy Family Foundation located?
Duffy Family Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 208098818. It is classified under NTEE code T20.
How many years of IRS 990 filings does Duffy Family Foundation have?
Duffy Family Foundation 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 $1.1M in total revenue.
Is the Duffy Family Foundation a good charity?
As a private foundation, its 'goodness' is measured by its grant-making effectiveness. The consistent 0% officer compensation is a strong positive. However, recent years show expenses exceeding revenue, which could indicate a planned draw-down of assets or a need for increased revenue generation to sustain its activities.
Why are expenses higher than revenue in recent years?
In 2023, expenses were $1,111,250 while revenue was $422,061. Similarly, in 2022, expenses were $1,136,586 against $480,488 in revenue. This could be due to a strategic decision to increase grant-making or other expenditures, drawing from accumulated assets, especially given the substantial revenue reported in 2020 ($7,248,068).
How has the foundation's asset base changed over time?
The foundation's assets have shown significant growth, increasing from $2,031,450 in 2011 to $9,999,175 currently, demonstrating effective asset management and accumulation over the long term.
Filing History
IRS 990 filing history for Duffy Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Duffy Family Foundation's revenue has grown by 8.1%, moving from $390K to $422K. Total assets increased by 376.4% over the same period, from $2.0M to $9.7M. Total functional expenses rose by 14176.1%, from $8K to $1.1M. In its most recent filing year (2023), Duffy Family Foundation reported a deficit of $689K, with expenses exceeding revenue. The organization holds $10K in liabilities against $9.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $422K | $1.1M | $9.7M | $10K | — | — |
| 2022 | $480K | $1.1M | $9.6M | $45K | — | View 990 |
| 2021 | $872K | $1.0M | $10.2M | $8K | — | — |
| 2020 | $7.2M | $903K | $10.3M | $1 | — | — |
| 2019 | $577K | $834K | $4.0M | $1 | — | View 990 |
| 2015 | $2.0M | $523K | $3.2M | $1 | — | View 990 |
| 2014 | $926K | $15K | $3.0M | $1 | — | View 990 |
| 2013 | $733K | $561K | $2.5M | $1 | — | View 990 |
| 2012 | $482K | $10K | $2.5M | $0 | — | View 990 |
| 2011 | $390K | $8K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $422K, expenses of $1.1M, and assets of $9.7M (revenue -12.2% year-over-year).
- 2022: Revenue of $480K, expenses of $1.1M, and assets of $9.6M (revenue -44.9% year-over-year).
- 2021: Revenue of $872K, expenses of $1.0M, and assets of $10.2M (revenue -88.0% year-over-year).
- 2020: Revenue of $7.2M, expenses of $903K, and assets of $10.3M (revenue +1155.3% year-over-year).
- 2019: Revenue of $577K, expenses of $834K, and assets of $4.0M (revenue -70.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $523K, and assets of $3.2M (revenue +113.7% year-over-year).
- 2014: Revenue of $926K, expenses of $15K, and assets of $3.0M (revenue +26.3% year-over-year).
- 2013: Revenue of $733K, expenses of $561K, and assets of $2.5M (revenue +52.2% year-over-year).
- 2012: Revenue of $482K, expenses of $10K, and assets of $2.5M (revenue +23.4% year-over-year).
- 2011: Revenue of $390K, expenses of $8K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Duffy Family Foundation:
Data Sources and Methodology
This transparency report for Duffy Family 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.