R E and N C Dungan Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
R E and N C Dungan Foundation Inc is a 501(c)(3) organization based in Durham, North Carolina, registered in 1988, with $7,890 in FY2023 revenue. CharityIndex grades it F.
12 Susanna Dr Unit L202, Durham, NC, 27705 EIN 54-1429536 Since 1988
Revenue (FY2023)
$7,890
▼ 73.0% vs prior year
Expenses (FY2023)
$79K
Net assets
$102K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for R E and N C Dungan Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating15 mo reserves · -905% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For R E and N C Dungan Foundation Inc: 15 mo reserves · -905% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for R E and N C Dungan Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For R E and N C Dungan Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 12 Susanna Dr Unit L202, Durham, NC, 27705
- City
- Durham
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $38K (FY2013) to $7,890 (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $102K
Operating margin
-905.2%
Spent more than it raised in the latest fiscal year.
Total assets
$102K
Total liabilities
$0
Net assets
$102K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,890▼73.0% | $79,313▼39.9% | $102,302▼41.1% | $102,302▼41.1% | 990PF |
| 2022 | $29,215▼68.6% | $131,963▼18.2% | $173,725▼37.2% | $173,725▼37.2% | 990PF |
| 2021 | $93,164▲39.8% | $161,397▲100% | $276,769▼19.4% | $276,769▼19.4% | 990PF |
| 2020 | $66,620▲22.8% | $80,671▼10.9% | $343,535▼3.9% | $343,535▼3.9% | 990PF |
| 2019 | $54,248▲129% | $90,525▼2.4% | $357,586▼9.2% | $357,586▼9.2% | 990PF |
| 2018 | $23,686▼60.8% | $92,719▼3.9% | $393,863▼15.0% | $393,863▼15.0% | 990PF |
| 2017 | $60,409▲11.9% | $96,452▼4.8% | $463,411▼7.3% | $463,411▼7.3% | 990PF |
| 2016 | $54,006▼25.2% | $101,300▼0.9% | $499,741▼8.7% | $499,741▼8.7% | 990PF |
| 2015 | $72,186▲3.3% | $102,177▲0.1% | $547,605▼5.5% | $547,605▼5.5% | 990PF |
| 2014 | $69,903▲85.1% | $102,051▲1.1% | $579,572▼5.3% | $579,572▼5.3% | 990PF |
| 2013 | $37,774 | $100,932 | $611,920 | $611,920 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is R E and N C Dungan Foundation Inc a legitimate nonprofit?
- Yes. R E and N C Dungan Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-1429536, based in Durham, North Carolina. Donations are tax-deductible.
- What is R E and N C Dungan Foundation Inc's EIN?
- R E and N C Dungan Foundation Inc's Employer Identification Number (EIN) is 54-1429536.
- How much revenue does R E and N C Dungan Foundation Inc report?
- R E and N C Dungan Foundation Inc reported $7,890 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does R E and N C Dungan Foundation Inc have?
- CharityIndex grades R E and N C Dungan Foundation Inc F, based on financial health (reserves and operating margin).
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Data for R E and N C Dungan Foundation Inc (EIN 54-1429536) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.