The Dragon Foundation Inc
The Dragon Foundation Inc shows strong asset growth and no liabilities, with fluctuating but increasing revenue.
EIN: 202788678 · Lake Orion, MI · NTEE: N65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $337K |
| Total Expenses | $110K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $336,609. |
| Net Assets | $640K |
| Transparency Score | 88/100 |
Is The Dragon Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Dragon Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Dragon Foundation Inc
The Dragon Foundation Inc (EIN: 202788678) is a nonprofit organization based in Lake Orion, MI, classified under NTEE code N65. The organization reported total revenue of $337K and total assets of $714K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Dragon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Dragon Foundation Inc is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $110K |
| Surplus / Deficit | +$125K |
| Total Assets | $640K |
| Net Assets | $640K |
| Operating Margin | 53.2% |
| Months of Reserves | 70.0 months |
Financial Health Grade: A
In 2023, The Dragon Foundation Inc reported a surplus of $125K with revenue exceeding expenses, holds 70.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2023), The Dragon Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +218.6% | +92.6% | +37.5% |
| 2022 | -4.8% | +9.2% | -6.7% |
| 2020 | -100.0% | -99.1% | -0.1% |
| 2019 | +9.9% | +47.2% | +1970.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Dragon Foundation Inc with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Dragon Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $125K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all 13 filings, indicating that no officers receive salaries from the organization, which is highly favorable for a nonprofit of its size with latest revenue of $336,609.
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 Dragon Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in public filings to fully assess program vs. admin vs. fundraising spending.
Strengths
The following positive indicators were identified for The Dragon Foundation Inc:
- Consistent reporting of $0 in liabilities across all 13 filings.
- Significant asset growth, from $12,625 in 2014 to $639,972 in 2023.
- 0% officer compensation reported in all available filings, indicating strong financial stewardship.
- Positive net income in most years, demonstrating financial sustainability (e.g., 2023 revenue $234,220 vs. expenses $109,701).
Frequently Asked Questions about The Dragon Foundation Inc
Is The Dragon Foundation Inc a legitimate charity?
The Dragon Foundation Inc (EIN: 202788678) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $337K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Dragon Foundation Inc spend its money?
The Dragon Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Dragon Foundation Inc tax-deductible?
The Dragon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202788678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Dragon Foundation Inc CEO make?
The Dragon Foundation Inc's highest-compensated officer earns $336,609. annually. The organization reported $337K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Dragon Foundation Inc's spending goes to programs?
The Dragon Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Dragon Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Dragon Foundation Inc is above average for NTEE category N65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Dragon Foundation Inc located?
The Dragon Foundation Inc is headquartered in Lake Orion, Michigan and files with the IRS under EIN 202788678. It is classified under NTEE code N65.
How many years of IRS 990 filings does The Dragon Foundation Inc have?
The Dragon Foundation Inc has 13 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 $337K in total revenue.
Is The Dragon Foundation Inc a good charity?
Based on the available IRS 990 data, The Dragon Foundation Inc appears to be a well-managed charity. It consistently reports $0 in liabilities, has shown significant asset growth (from $12,625 in 2014 to $639,972 in 2023), and reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
What caused the significant increase in assets between 2018 and 2019?
The IRS 990 data shows a substantial increase in assets from $22,921 in 2018 to $474,493 in 2019. While the filings don't detail the specific source, this could be due to a large donation, a successful capital campaign, or significant investment gains during that period.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, such as through a related entity or as independent contractors, though the latter is less common for primary leadership. This practice significantly reduces administrative overhead.
Filing History
IRS 990 filing history for The Dragon Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), The Dragon Foundation Inc's revenue has grown by 513%, moving from $38K to $234K. Total assets increased by 1411.1% over the same period, from $42K to $640K. Total functional expenses rose by 244.7%, from $32K to $110K. In its most recent filing year (2023), The Dragon Foundation Inc reported a surplus of $125K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $110K | $640K | $0 | — | — |
| 2022 | $74K | $57K | $465K | $0 | — | View 990 |
| 2021 | $77K | $52K | $499K | $0 | — | View 990 |
| 2020 | $0 | $627 | $474K | $0 | — | View 990 |
| 2019 | $73K | $72K | $474K | $0 | — | View 990 |
| 2018 | $67K | $49K | $23K | $0 | — | View 990 |
| 2017 | $77K | $70K | $18K | $0 | — | View 990 |
| 2016 | $71K | $72K | $17K | $0 | — | View 990 |
| 2015 | $47K | $51K | $17K | $0 | — | — |
| 2014 | $36K | $37K | $13K | $0 | — | — |
| 2012 | $27K | $28K | $19K | $0 | — | — |
| 2011 | $39K | $34K | $8K | $0 | — | — |
| 2010 | $38K | $32K | $42K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $110K, and assets of $640K (revenue +218.6% year-over-year).
- 2022: Revenue of $74K, expenses of $57K, and assets of $465K (revenue -4.8% year-over-year).
- 2021: Revenue of $77K, expenses of $52K, and assets of $499K.
- 2020: Revenue of $0, expenses of $627, and assets of $474K (revenue -100.0% year-over-year).
- 2019: Revenue of $73K, expenses of $72K, and assets of $474K (revenue +9.9% year-over-year).
- 2018: Revenue of $67K, expenses of $49K, and assets of $23K (revenue -14.1% year-over-year).
- 2017: Revenue of $77K, expenses of $70K, and assets of $18K (revenue +8.4% year-over-year).
- 2016: Revenue of $71K, expenses of $72K, and assets of $17K (revenue +53.7% year-over-year).
- 2015: Revenue of $47K, expenses of $51K, and assets of $17K (revenue +31.0% year-over-year).
- 2014: Revenue of $36K, expenses of $37K, and assets of $13K (revenue +34.0% year-over-year).
- 2012: Revenue of $27K, expenses of $28K, and assets of $19K (revenue -32.2% year-over-year).
- 2011: Revenue of $39K, expenses of $34K, and assets of $8K (revenue +2.3% year-over-year).
- 2010: Revenue of $38K, expenses of $32K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Dragon Foundation Inc:
Data Sources and Methodology
This transparency report for The Dragon 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.