Vincent Dowling Family Foundation Inc
Vincent Dowling Family Foundation Inc shows consistent asset growth and minimal liabilities with no reported officer compensation.
EIN: 20709433 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Vincent Dowling Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vincent Dowling Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vincent Dowling Family Foundation Inc
Vincent Dowling Family Foundation Inc (EIN: 20709433) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2.6M and total assets of $31.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vincent Dowling Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vincent Dowling Family Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$4.8M |
| Total Assets | $31.5M |
| Total Liabilities | $1 |
| Net Assets | $31.5M |
| Operating Margin | 70.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.8 months |
Financial Health Grade: A
In 2023, Vincent Dowling Family Foundation Inc reported a surplus of $4.8M with revenue exceeding expenses, holds 185.8 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), Vincent Dowling Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +216.3% | +253.0% | +18.1% |
| 2022 | -32.7% | -39.2% | +6.3% |
| 2021 | -32.9% | -82.9% | +10.0% |
| 2020 | +102.5% | +408.3% | -3.1% |
| 2019 | -31.5% | +23.8% | +30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Vincent Dowling Family Foundation Inc 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, Vincent Dowling Family Foundation Inc 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 surplus of $4.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for a foundation of this size ($31.5 million in assets).
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 Vincent Dowling Family Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $7.2M in 2014 vs. $2.1M in 2022)
- Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Vincent Dowling Family Foundation Inc:
- Consistent asset growth over more than a decade (from $4.36M to $31.5M)
- Extremely low liabilities (consistently reported as $1)
- 0% reported officer compensation across all filings
- Generally low expense ratio relative to revenue
- Strong financial stability
Frequently Asked Questions about Vincent Dowling Family Foundation Inc
Is Vincent Dowling Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vincent Dowling Family Foundation Inc (EIN: 20709433) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Vincent Dowling Family Foundation Inc spend its money?
Vincent Dowling Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vincent Dowling Family Foundation Inc tax-deductible?
Vincent Dowling Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20709433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Vincent Dowling Family Foundation Inc a good charity?
Based on its financial data, the foundation appears to be a very good charity. It has strong asset growth, minimal liabilities, and consistently reports 0% officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How does the foundation manage its expenses?
The foundation generally manages its expenses very effectively, with expenses typically being a small fraction of its revenue. For example, in 2023, expenses were $2.03 million against $6.85 million in revenue, indicating a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong and consistent upward trend, growing from $4.36 million in 2011 to $31.5 million in 2023, demonstrating excellent financial stewardship and growth.
Filing History
IRS 990 filing history for Vincent Dowling Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Vincent Dowling Family Foundation Inc's revenue has grown by 40.7%, moving from $4.9M to $6.9M. Total assets increased by 622.5% over the same period, from $4.4M to $31.5M. Total functional expenses rose by 6.9%, from $1.9M to $2.0M. In its most recent filing year (2023), Vincent Dowling Family Foundation Inc reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $31.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $31.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $2.0M | $31.5M | $1 | — | — |
| 2022 | $2.2M | $576K | $26.7M | $1 | — | View 990 |
| 2021 | $3.2M | $948K | $25.1M | $1 | — | View 990 |
| 2020 | $4.8M | $5.5M | $22.8M | $1 | — | View 990 |
| 2019 | $2.4M | $1.1M | $23.5M | $1 | — | — |
| 2015 | $3.5M | $878K | $18.0M | $1 | — | View 990 |
| 2014 | $7.2M | $5.2M | $15.4M | $1 | — | View 990 |
| 2013 | $5.3M | $3.4M | $13.4M | $0 | — | View 990 |
| 2012 | $7.2M | $69K | $11.5M | $0 | — | View 990 |
| 2011 | $4.9M | $1.9M | $4.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $2.0M, and assets of $31.5M (revenue +216.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $576K, and assets of $26.7M (revenue -32.7% year-over-year).
- 2021: Revenue of $3.2M, expenses of $948K, and assets of $25.1M (revenue -32.9% year-over-year).
- 2020: Revenue of $4.8M, expenses of $5.5M, and assets of $22.8M (revenue +102.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $1.1M, and assets of $23.5M (revenue -31.5% year-over-year).
- 2015: Revenue of $3.5M, expenses of $878K, and assets of $18.0M (revenue -52.0% year-over-year).
- 2014: Revenue of $7.2M, expenses of $5.2M, and assets of $15.4M (revenue +36.0% year-over-year).
- 2013: Revenue of $5.3M, expenses of $3.4M, and assets of $13.4M (revenue -26.0% year-over-year).
- 2012: Revenue of $7.2M, expenses of $69K, and assets of $11.5M (revenue +47.1% year-over-year).
- 2011: Revenue of $4.9M, expenses of $1.9M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vincent Dowling Family Foundation Inc:
Data Sources and Methodology
This transparency report for Vincent Dowling Family 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.