Luigi Damiano Foundation
EIN: 800512766 · Warwick, RI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $255K |
| Net Assets | $4.0M |
Is Luigi Damiano Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Luigi Damiano Foundation
Luigi Damiano Foundation (EIN: 800512766) is a nonprofit organization based in Warwick, RI, classified under NTEE code T20. The organization reported total revenue of $90K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luigi Damiano Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luigi Damiano Foundation is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 156.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $255K |
| Surplus / Deficit | $-176,051 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -221.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.8 months |
Financial Health Grade: B
In 2023, Luigi Damiano Foundation reported a deficit of $176K with expenses exceeding revenue, holds 187.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Luigi Damiano Foundation's revenue has grown at a compound annual growth rate (CAGR) of 156.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +104.3% | -1.3% |
| 2022 | +8.1% | -56.2% | -2.1% |
| 2021 | -3.2% | +5.7% | -1.6% |
| 2020 | -63.4% | -32.1% | -4.2% |
| 2019 | -12.1% | +47.8% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Luigi Damiano Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Luigi Damiano Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $176K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Luigi Damiano Foundation
Is Luigi Damiano Foundation a legitimate charity?
Luigi Damiano Foundation (EIN: 800512766) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $90K. No red flags identified. Financial health grade: B.
How does Luigi Damiano Foundation spend its money?
Luigi Damiano Foundation reported $90K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Luigi Damiano Foundation tax-deductible?
Luigi Damiano Foundation is registered as a tax-exempt nonprofit (EIN: 800512766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Luigi Damiano Foundation located?
Luigi Damiano Foundation is headquartered in Warwick, Rhode Island and files with the IRS under EIN 800512766. It is classified under NTEE code T20.
How many years of IRS 990 filings does Luigi Damiano Foundation have?
Luigi Damiano 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 $90K in total revenue.
Filing History
IRS 990 filing history for Luigi Damiano Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Luigi Damiano Foundation's revenue has grown by 7938600%, moving from $1 to $79K. Total assets increased by 159841.3% over the same period, from $3K to $4.0M. In its most recent filing year (2023), Luigi Damiano Foundation reported a deficit of $176K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $255K | $4.0M | $1 | — | — |
| 2022 | $69K | $125K | $4.1M | $1 | — | — |
| 2021 | $64K | $285K | $4.1M | $1 | — | — |
| 2020 | $66K | $270K | $4.2M | $1 | — | — |
| 2019 | $180K | $398K | $4.4M | $1 | — | View 990 |
| 2015 | $204K | $269K | $4.2M | $0 | — | View 990 |
| 2014 | $562K | $261K | $4.7M | $0 | — | View 990 |
| 2013 | $258K | $262K | $4.5M | $0 | — | View 990 |
| 2012 | $99K | $10K | $2.8M | $1 | — | View 990 |
| 2011 | $1 | $0 | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $255K, and assets of $4.0M (revenue +15.4% year-over-year).
- 2022: Revenue of $69K, expenses of $125K, and assets of $4.1M (revenue +8.1% year-over-year).
- 2021: Revenue of $64K, expenses of $285K, and assets of $4.1M (revenue -3.2% year-over-year).
- 2020: Revenue of $66K, expenses of $270K, and assets of $4.2M (revenue -63.4% year-over-year).
- 2019: Revenue of $180K, expenses of $398K, and assets of $4.4M (revenue -12.1% year-over-year).
- 2015: Revenue of $204K, expenses of $269K, and assets of $4.2M (revenue -63.6% year-over-year).
- 2014: Revenue of $562K, expenses of $261K, and assets of $4.7M (revenue +118.1% year-over-year).
- 2013: Revenue of $258K, expenses of $262K, and assets of $4.5M (revenue +159.9% year-over-year).
- 2012: Revenue of $99K, expenses of $10K, and assets of $2.8M (revenue +9916700.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luigi Damiano Foundation:
Data Sources and Methodology
This transparency report for Luigi Damiano 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.