Michele And Donald Damour Family Foundation
EIN: 880724982 · Somers, CT · NTEE: Z99
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $577K |
| Net Assets | $5.3M |
Is Michele And Donald Damour Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michele And Donald Damour Family Foundation
Michele And Donald Damour Family Foundation (EIN: 880724982) is a nonprofit organization based in Somers, CT, classified under NTEE code Z99. The organization reported total revenue of $9.6M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michele And Donald Damour Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michele And Donald Damour Family Foundation is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $577K |
| Surplus / Deficit | +$3.1M |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | 84.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.3 months |
Financial Health Grade: A
In 2023, Michele And Donald Damour Family Foundation reported a surplus of $3.1M with revenue exceeding expenses, holds 110.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Michele And Donald Damour Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +7906.2% | +139.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1250 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michele And Donald Damour Family 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 Michele And Donald Damour Family 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 surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Michele And Donald Damour Family Foundation
Is Michele And Donald Damour Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michele And Donald Damour Family Foundation (EIN: 880724982) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michele And Donald Damour Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Michele And Donald Damour Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Michele And Donald Damour Family Foundation tax-deductible?
Michele And Donald Damour Family Foundation is registered as a tax-exempt nonprofit (EIN: 880724982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michele And Donald Damour Family Foundation located?
Michele And Donald Damour Family Foundation is headquartered in Somers, Connecticut and files with the IRS under EIN 880724982. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Michele And Donald Damour Family Foundation have?
Michele And Donald Damour Family Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $9.6M in total revenue.
Filing History
IRS 990 filing history for Michele And Donald Damour Family Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Michele And Donald Damour Family Foundation's revenue has grown by 14.9%, moving from $3.2M to $3.7M. Total assets increased by 139.8% over the same period, from $2.2M to $5.3M. Total functional expenses rose by 7906.2%, from $7K to $577K. In its most recent filing year (2023), Michele And Donald Damour Family Foundation reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $577K | $5.3M | $1 | — | — |
| 2022 | $3.2M | $7K | $2.2M | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michele And Donald Damour Family Foundation:
Data Sources and Methodology
This transparency report for Michele And Donald Damour 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.