Filomena M Dagostino Foundation Corp
Filomena M Dagostino Foundation consistently spends more than it earns, drawing on substantial assets.
EIN: 133548660 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $23.8M |
| Transparency Score | 85/100 |
Is Filomena M Dagostino Foundation Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Filomena M Dagostino Foundation Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Filomena M Dagostino Foundation Corp
Filomena M Dagostino Foundation Corp (EIN: 133548660) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.2M and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Filomena M Dagostino Foundation Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Filomena M Dagostino Foundation Corp is a mid-size nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2012–2024).
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $734K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-793,284 |
| Total Assets | $23.8M |
| Total Liabilities | $1 |
| Net Assets | $23.8M |
| Operating Margin | -108.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.4 months |
Financial Health Grade: B
In 2024, Filomena M Dagostino Foundation Corp reported a deficit of $793K with expenses exceeding revenue, holds 187.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -30.3% | -6.1% | -3.3% |
| 2023 | -41.5% | -3.0% | -2.4% |
| 2022 | +30.8% | +26.7% | +0.4% |
| 2021 | +6.9% | -2.7% | +0.1% |
| 2020 | +47.1% | +0.4% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Filomena M Dagostino Foundation Corp 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, Filomena M Dagostino Foundation Corp 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $793K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization with assets exceeding $23 million.
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 Filomena M Dagostino Foundation Corp's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent periods (e.g., 202402 expenses $1,527,386 vs. revenue $734,102).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes full spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Filomena M Dagostino Foundation Corp:
- Substantial asset base ($23,847,470 in 202402) provides significant financial stability.
- Zero reported officer compensation across all filings indicates highly efficient executive overhead.
- Very low liabilities ($1 in recent periods) suggests a healthy balance sheet with minimal debt.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
Frequently Asked Questions about Filomena M Dagostino Foundation Corp
Is Filomena M Dagostino Foundation Corp a legitimate charity?
Filomena M Dagostino Foundation Corp (EIN: 133548660) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Filomena M Dagostino Foundation Corp spend its money?
Filomena M Dagostino Foundation Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Filomena M Dagostino Foundation Corp tax-deductible?
Filomena M Dagostino Foundation Corp is registered as a tax-exempt nonprofit (EIN: 133548660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Filomena M Dagostino Foundation Corp CEO make?
Filomena M Dagostino Foundation Corp's highest-compensated officer earns $23 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Filomena M Dagostino Foundation Corp located?
Filomena M Dagostino Foundation Corp is headquartered in New York, New York and files with the IRS under EIN 133548660.
How many years of IRS 990 filings does Filomena M Dagostino Foundation Corp have?
Filomena M Dagostino Foundation Corp 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 $5.2M in total revenue.
How does the foundation sustain its operations given consistent revenue deficits?
The foundation appears to be operating as a grant-making entity, drawing down on its substantial asset base of over $23 million to fund its expenses, as seen in the 202402 period where expenses ($1,527,386) significantly exceeded revenue ($734,102).
What are the specific programs or grants funded by the foundation?
The provided data does not detail the specific programs or grants funded. Further investigation into the full IRS 990 forms would be required to understand the nature of its programmatic spending.
Is the foundation's asset base declining significantly due to spending patterns?
While there's a slight decline in assets from $25,249,568 in 202202 to $23,847,470 in 202402, the decline is not precipitous given the scale of the assets, suggesting a managed draw-down or investment income partially offsetting expenses.
What is the long-term financial strategy for the foundation?
The consistent operational deficits suggest a strategy of spending from endowment or investment returns. A detailed financial strategy would need to be gleaned from the full 990 filings or organizational reports.
Filing History
IRS 990 filing history for Filomena M Dagostino Foundation Corp showing financial trends over 10 years of public records:
Total assets decreased by 1.6% over the same period, from $24.2M to $23.8M. Total functional expenses rose by 12.7%, from $1.4M to $1.5M. In its most recent filing year (2024), Filomena M Dagostino Foundation Corp reported a deficit of $793K, with expenses exceeding revenue. The organization holds $1 in liabilities against $23.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $734K | $1.5M | $23.8M | $1 | — | View 990 |
| 2023 | $1.1M | $1.6M | $24.6M | $1 | — | View 990 |
| 2022 | $1.8M | $1.7M | $25.2M | $1 | — | View 990 |
| 2021 | $1.4M | $1.3M | $25.1M | $1 | — | View 990 |
| 2020 | $1.3M | $1.4M | $25.1M | $0 | — | View 990 |
| 2016 | $876K | $1.4M | $23.6M | $0 | — | View 990 |
| 2015 | $2.4M | $1.5M | $24.1M | $0 | — | View 990 |
| 2014 | $1.4M | $1.5M | $23.3M | $0 | — | View 990 |
| 2013 | $605K | $1.4M | $23.4M | $0 | — | View 990 |
| 2012 | $-510,194 | $1.4M | $24.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $734K, expenses of $1.5M, and assets of $23.8M (revenue -30.3% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.6M, and assets of $24.6M (revenue -41.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $25.2M (revenue +30.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $25.1M (revenue +6.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $25.1M (revenue +47.1% year-over-year).
- 2016: Revenue of $876K, expenses of $1.4M, and assets of $23.6M (revenue -62.8% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.5M, and assets of $24.1M (revenue +72.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $23.3M (revenue +125.4% year-over-year).
- 2013: Revenue of $605K, expenses of $1.4M, and assets of $23.4M.
- 2012: Revenue of $-510,194, expenses of $1.4M, and assets of $24.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Filomena M Dagostino Foundation Corp:
Data Sources and Methodology
This transparency report for Filomena M Dagostino Foundation Corp 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.