Robert Day Foundation
Robert Day Foundation consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 205171559 · Los Angeles, CA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.9M |
| Total Expenses | $6.9M |
| Program Spending | 90% |
| Net Assets | $35.6M |
| Transparency Score | 92/100 |
Is Robert Day Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert Day Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert Day Foundation
Robert Day Foundation (EIN: 205171559) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code T22. The organization reported total revenue of $10.9M and total assets of $59.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert Day Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert Day Foundation is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-3,296,523 |
| Total Assets | $57.0M |
| Total Liabilities | $21.5M |
| Net Assets | $35.6M |
| Operating Margin | -90.4% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 98.6 months |
Financial Health Grade: B
In 2023, Robert Day Foundation reported a deficit of $3.3M with expenses exceeding revenue, holds 98.6 months of operating reserves (strong position), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.4% | -30.5% | +9.6% |
| 2022 | -26.0% | +44.8% | -26.0% |
| 2021 | +217.3% | +125.5% | +26.0% |
| 2020 | -81.4% | -44.2% | +29.1% |
| 2019 | +61.9% | +629.1% | +76.3% |
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 Robert Day Foundation with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Robert Day Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.6%.
Executive Compensation Analysis
The Robert Day Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a highly positive indicator for resource allocation directly to its mission.
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 Robert Day Foundation's IRS 990 filings:
- Periods of expenses significantly exceeding revenue (e.g., 2023, 2022) without clear explanation in summary data.
- Significant fluctuations in liabilities over time without detailed context.
Strengths
The following positive indicators were identified for Robert Day Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Substantial and growing asset base ($59,711,107 currently) providing long-term stability.
- Strong program focus implied by lack of executive compensation.
- Long history of IRS 990 filings (10 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Robert Day Foundation
Is Robert Day Foundation a legitimate charity?
Robert Day Foundation (EIN: 205171559) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Robert Day Foundation spend its money?
Robert Day Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Robert Day Foundation tax-deductible?
Robert Day Foundation is registered as a tax-exempt nonprofit (EIN: 205171559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Robert Day Foundation's spending goes to programs?
Robert Day Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Robert Day Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Robert Day 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 Robert Day Foundation located?
Robert Day Foundation is headquartered in Los Angeles, California and files with the IRS under EIN 205171559. It is classified under NTEE code T22.
How many years of IRS 990 filings does Robert Day Foundation have?
Robert Day 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 $10.9M in total revenue.
Is the Robert Day Foundation a good charity?
Based on the available data, particularly the consistent 0% officer compensation and substantial assets, the Robert Day Foundation appears to be a well-managed organization with a strong commitment to its mission. The lack of executive compensation suggests a high degree of financial efficiency and dedication to program spending.
How does the foundation manage its expenses when they exceed revenue?
The foundation has experienced periods where expenses exceeded revenue, for example, in 2023 ($6.9M expenses vs. $3.6M revenue). This is often managed by drawing from its significant asset base ($57M in 2023) or endowment, which is a common practice for foundations.
What is the nature of the foundation's liabilities?
The liabilities have fluctuated significantly over the years, from a high of $128,175,560 in 2014 to $21,457,447 in 2023. Without more detailed financial statements, the specific nature of these liabilities (e.g., program-related investments, grants payable, debt) cannot be determined from the summary data.
What is the trend in the foundation's asset growth?
The foundation's assets have shown significant growth over the long term, increasing from $11,311,157 in 2011 to $59,711,107 currently, indicating successful asset management and accumulation to support its mission.
Filing History
IRS 990 filing history for Robert Day Foundation showing financial trends over 10 years of public records:
Total assets increased by 404.3% over the same period, from $11.3M to $57.0M. Total functional expenses rose by 119.4%, from $3.2M to $6.9M. In its most recent filing year (2023), Robert Day Foundation reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $21.5M in liabilities against $57.0M in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $35.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $6.9M | $57.0M | $21.5M | — | View 990 |
| 2022 | $5.2M | $10.0M | $52.0M | $27.9M | — | View 990 |
| 2021 | $7.1M | $6.9M | $70.3M | $37.4M | — | View 990 |
| 2020 | $2.2M | $3.1M | $55.8M | $32.2M | — | View 990 |
| 2019 | $12.0M | $5.5M | $43.2M | $37.7M | — | View 990 |
| 2015 | $7.4M | $753K | $24.5M | $44.7M | — | View 990 |
| 2014 | $10.0M | $842K | $17.9M | $128.2M | — | View 990 |
| 2013 | $2.1M | $5.5M | $8.4M | $1.0M | — | View 990 |
| 2012 | $576K | $961K | $11.9M | $1.4M | — | View 990 |
| 2011 | $-76,379 | $3.2M | $11.3M | $696K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $6.9M, and assets of $57.0M (revenue -30.4% year-over-year).
- 2022: Revenue of $5.2M, expenses of $10.0M, and assets of $52.0M (revenue -26.0% year-over-year).
- 2021: Revenue of $7.1M, expenses of $6.9M, and assets of $70.3M (revenue +217.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $3.1M, and assets of $55.8M (revenue -81.4% year-over-year).
- 2019: Revenue of $12.0M, expenses of $5.5M, and assets of $43.2M (revenue +61.9% year-over-year).
- 2015: Revenue of $7.4M, expenses of $753K, and assets of $24.5M (revenue -26.0% year-over-year).
- 2014: Revenue of $10.0M, expenses of $842K, and assets of $17.9M (revenue +385.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $5.5M, and assets of $8.4M (revenue +257.9% year-over-year).
- 2012: Revenue of $576K, expenses of $961K, and assets of $11.9M.
- 2011: Revenue of $-76,379, expenses of $3.2M, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert Day Foundation:
Data Sources and Methodology
This transparency report for Robert Day 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.