The Daymar Foundation Inc
The Daymar Foundation Inc reports $3 in revenue against $3,916 in expenses, continuing a multi-year financial decline.
EIN: 203394790 · Owensboro, KY · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3 |
| Total Expenses | $4K |
| Net Assets | $2K |
| Transparency Score | 10/100 |
Is The Daymar Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Daymar Foundation Inc
The Daymar Foundation Inc (EIN: 203394790) is a nonprofit organization based in Owensboro, KY, classified under NTEE code B82. The organization reported total revenue of $3 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Daymar Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Daymar Foundation Inc is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -72.5%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $3 |
| Total Expenses | $4K |
| Surplus / Deficit | $-3,913 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -130433.3% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2019, The Daymar Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2011–2019), The Daymar Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -72.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -75.0% | -75.7% | -67.2% |
| 2018 | -72.1% | -41.1% | -73.4% |
| 2017 | -95.5% | -10.4% | -55.5% |
| 2016 | -69.7% | +17.7% | -37.5% |
| 2015 | -86.4% | -51.2% | -22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 The Daymar Foundation Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The Daymar Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries, which is a positive sign for a small organization with minimal revenue.
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 The Daymar Foundation Inc's IRS 990 filings:
- Extreme revenue decline (from $90,877 in 2011 to $3 in 2019)
- Consistent and significant deficit spending (expenses far exceeding revenue for multiple years)
- Sharp decrease in assets (from $151,861 in 2012 to $1,910 in 2019)
- Unsustainable financial model with negligible income
- Potential for organizational dormancy or dissolution
Strengths
The following positive indicators were identified for The Daymar Foundation Inc:
- No officer compensation reported across all filings, indicating volunteer leadership or no paid executives.
Frequently Asked Questions about The Daymar Foundation Inc
Is The Daymar Foundation Inc a legitimate charity?
The Daymar Foundation Inc (EIN: 203394790) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 10/100. It has 9 years of IRS 990 filings on record. Total revenue: $3. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does The Daymar Foundation Inc spend its money?
The Daymar Foundation Inc reported $3 in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Daymar Foundation Inc tax-deductible?
The Daymar Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203394790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Daymar Foundation Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), The Daymar Foundation Inc is below average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Daymar Foundation Inc located?
The Daymar Foundation Inc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 203394790. It is classified under NTEE code B82.
How many years of IRS 990 filings does The Daymar Foundation Inc have?
The Daymar Foundation Inc has 9 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 in total revenue.
Is The Daymar Foundation Inc still actively operating?
Given the reported revenue of $3 and expenses of $3,916 in 2019, it is highly unlikely the organization is actively operating in any meaningful capacity. The consistent decline in revenue and assets suggests a winding down or dormancy.
What is the purpose of the continued expenses with almost no revenue?
The continued expenses, even with minimal revenue, could be related to administrative overhead, legal requirements for maintaining nonprofit status, or costs associated with the process of dissolution. Without further detail, it's difficult to pinpoint the exact nature of these expenses.
Why have assets decreased so dramatically?
Assets have decreased dramatically from $151,861 in 2012 to $1,910 in 2019 primarily because the organization has consistently spent more than it has taken in, drawing down its reserves to cover ongoing expenses.
Filing History
IRS 990 filing history for The Daymar Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), The Daymar Foundation Inc's revenue has declined by 100%, moving from $91K to $3. Total assets decreased by 98.5% over the same period, from $130K to $2K. Total functional expenses fell by 93.8%, from $63K to $4K. In its most recent filing year (2019), The Daymar Foundation Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $3 | $4K | $2K | $0 | — | View 990 |
| 2018 | $12 | $16K | $6K | $0 | — | View 990 |
| 2017 | $43 | $27K | $22K | $0 | — | — |
| 2016 | $965 | $31K | $49K | $0 | — | View 990 |
| 2015 | $3K | $26K | $79K | $0 | — | View 990 |
| 2014 | $23K | $53K | $101K | $0 | — | View 990 |
| 2013 | $69K | $88K | $133K | $0 | — | View 990 |
| 2012 | $84K | $61K | $152K | $0 | — | View 990 |
| 2011 | $91K | $63K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $3, expenses of $4K, and assets of $2K (revenue -75.0% year-over-year).
- 2018: Revenue of $12, expenses of $16K, and assets of $6K (revenue -72.1% year-over-year).
- 2017: Revenue of $43, expenses of $27K, and assets of $22K (revenue -95.5% year-over-year).
- 2016: Revenue of $965, expenses of $31K, and assets of $49K (revenue -69.7% year-over-year).
- 2015: Revenue of $3K, expenses of $26K, and assets of $79K (revenue -86.4% year-over-year).
- 2014: Revenue of $23K, expenses of $53K, and assets of $101K (revenue -66.2% year-over-year).
- 2013: Revenue of $69K, expenses of $88K, and assets of $133K (revenue -17.4% year-over-year).
- 2012: Revenue of $84K, expenses of $61K, and assets of $152K (revenue -7.9% year-over-year).
- 2011: Revenue of $91K, expenses of $63K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Daymar Foundation Inc:
Data Sources and Methodology
This transparency report for The Daymar Foundation Inc 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.