Marvin And Betty Danto Family Foundation
Marvin And Betty Danto Family Foundation consistently distributes more than it earns, drawing down assets for philanthropic grants.
EIN: 203896742 · Troy, MI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Program Spending | 95% |
| Net Assets | $7.8M |
| Transparency Score | 90/100 |
Is Marvin And Betty Danto Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marvin And Betty Danto Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marvin And Betty Danto Family Foundation
Marvin And Betty Danto Family Foundation (EIN: 203896742) is a nonprofit organization based in Troy, MI, classified under NTEE code T22. The organization reported total revenue of $3.8M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marvin And Betty Danto Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marvin And Betty Danto Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $840K |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-2,700,303 |
| Total Assets | $7.8M |
| Total Liabilities | $1 |
| Net Assets | $7.8M |
| Operating Margin | -321.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2023, Marvin And Betty Danto Family Foundation reported a deficit of $2.7M with expenses exceeding revenue, holds 26.4 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), Marvin And Betty Danto Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.8% | -16.4% | -25.7% |
| 2022 | -46.5% | +17.7% | -22.5% |
| 2021 | +167.1% | -5.1% | -9.3% |
| 2020 | -63.0% | -1.7% | -16.6% |
| 2019 | +198.1% | -5.9% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Marvin And Betty Danto Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Marvin And Betty Danto Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-reportable means, which is a strong positive for administrative efficiency.
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 Marvin And Betty Danto Family Foundation's IRS 990 filings:
- Significant decline in assets over the past decade, from $33.4M in 2012 to $7.8M in 2023, indicating a finite lifespan if current distribution rates continue without substantial new endowments.
Strengths
The following positive indicators were identified for Marvin And Betty Danto Family Foundation:
- Consistent philanthropic distributions, with expenses often exceeding revenue, demonstrating active grantmaking.
- Zero reported officer compensation across all filings, indicating very low administrative overhead.
- Clear mission alignment as a grantmaking foundation, actively distributing funds to other charities.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Marvin And Betty Danto Family Foundation
Is Marvin And Betty Danto Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marvin And Betty Danto Family Foundation (EIN: 203896742) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Marvin And Betty Danto Family Foundation spend its money?
Marvin And Betty Danto Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marvin And Betty Danto Family Foundation tax-deductible?
Marvin And Betty Danto Family Foundation is registered as a tax-exempt nonprofit (EIN: 203896742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Marvin And Betty Danto Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Marvin And Betty Danto Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marvin And Betty Danto Family Foundation located?
Marvin And Betty Danto Family Foundation is headquartered in Troy, Michigan and files with the IRS under EIN 203896742. It is classified under NTEE code T22.
How many years of IRS 990 filings does Marvin And Betty Danto Family Foundation have?
Marvin And Betty Danto 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 $3.8M in total revenue.
Is Marvin And Betty Danto Family Foundation a good charity?
Based on the available data, the Marvin And Betty Danto Family Foundation appears to be a well-managed grantmaking foundation. It consistently distributes significant funds to other charities, as evidenced by expenses frequently exceeding revenue, and reports no officer compensation, indicating high efficiency in its operations.
How has the foundation's asset base changed over time?
The foundation's assets have significantly decreased from a high of $33,439,354 in 2012 to $7,794,883 in 2023, reflecting substantial philanthropic distributions over the past decade.
What is the primary financial activity of this foundation?
The primary financial activity is grantmaking, with expenses consistently exceeding revenue in most recent years, indicating a focus on distributing funds from its endowment rather than accumulating assets.
Filing History
IRS 990 filing history for Marvin And Betty Danto Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Marvin And Betty Danto Family Foundation's revenue has grown by 27.6%, moving from $658K to $840K. Total assets decreased by 68.7% over the same period, from $24.9M to $7.8M. Total functional expenses rose by 169.8%, from $1.3M to $3.5M. In its most recent filing year (2023), Marvin And Betty Danto Family Foundation reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $840K | $3.5M | $7.8M | $1 | — | — |
| 2022 | $1.2M | $4.2M | $10.5M | $1 | — | View 990 |
| 2021 | $2.2M | $3.6M | $13.5M | $1 | — | View 990 |
| 2020 | $825K | $3.8M | $14.9M | $1 | — | — |
| 2019 | $2.2M | $3.9M | $17.9M | $0 | — | View 990 |
| 2015 | $749K | $4.1M | $27.4M | $0 | — | View 990 |
| 2014 | $1.4M | $3.0M | $30.7M | $0 | — | View 990 |
| 2013 | $669K | $1.8M | $32.3M | $0 | — | View 990 |
| 2012 | $9.9M | $1.4M | $33.4M | $0 | — | View 990 |
| 2011 | $658K | $1.3M | $24.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $840K, expenses of $3.5M, and assets of $7.8M (revenue -28.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $4.2M, and assets of $10.5M (revenue -46.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $3.6M, and assets of $13.5M (revenue +167.1% year-over-year).
- 2020: Revenue of $825K, expenses of $3.8M, and assets of $14.9M (revenue -63.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $3.9M, and assets of $17.9M (revenue +198.1% year-over-year).
- 2015: Revenue of $749K, expenses of $4.1M, and assets of $27.4M (revenue -47.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $3.0M, and assets of $30.7M (revenue +111.4% year-over-year).
- 2013: Revenue of $669K, expenses of $1.8M, and assets of $32.3M (revenue -93.3% year-over-year).
- 2012: Revenue of $9.9M, expenses of $1.4M, and assets of $33.4M (revenue +1410.5% year-over-year).
- 2011: Revenue of $658K, expenses of $1.3M, and assets of $24.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marvin And Betty Danto Family Foundation:
Data Sources and Methodology
This transparency report for Marvin And Betty Danto 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.