Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides aid to individuals in need across seven specific parishes.
Questions for Demco Foundation INC
Your first name shows with your question. Demco Foundation INC answers here, for everyone.
The organization was able to assist INDIVIDUALS/FAMILIES with things such as clothing, shelter, scholarships and other miscellaneous needs. Through the program, operation roundup, customers of dixie electric membership corporation may elect to have their electricity bill rounded up to the nearest dollar amount with the difference…
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-1417423) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $290K | $214K |
| Total assetsLn 16 | $290K | $214K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $290K | $214K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $266K | $266K | ||
| Management feesLn 11a | $81K | $69K | $12K | |
| Accounting feesLn 11c | $6K | $6K | ||
| Office expensesLn 13 | $11K | $10K | $2K | |
| TravelLn 17 | $12K | $11K | $2K | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $453 | |
| Other expenses (24a–d)Ln 24 | $201 | $201 | ||
| Total functional expensesLn 25 | $380K | $358K | $22K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Oct 24, 2025 | $353K | $397K | −$44K | $170K | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 8, 2024 | $304K | $380K | −$76K | $214K | 990 PDF |
| FY2022Filed with the IRS Oct 18, 2023 | $372K | $318K | $54K | $290K | 990 PDF |
| FY2021Filed with the IRS Nov 1, 2022 | $323K | $360K | −$37K | $236K | 990 PDF |
| FY2020Filed with the IRS Nov 9, 2021 | $421K | $668K | −$247K | $273K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $303,949 revenue, 12 lines filed
Part VI · Governance 7 of 9 board members independent, 4 to look at
Part VIII · Statement of revenue $303,949 across 4 lines filed
Part IX · Statement of functional expenses $379,956 across 7 lines filed
Part X · Balance sheet $214,361 assets, 6 lines filed
Part XI · Reconciliation of net assets $214,361 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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