Edward H Daveis Benevolent Fund

Analysis

Edward H Daveis Benevolent Fund is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in December 2007, 19 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edward H Daveis Benevolent Fund reported income of $217k and spending of $155k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $217k (+311%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward H Daveis Benevolent Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include PTA Georgia Congress ($217k), Icf Cambodia ($217k) and Frankfort Square Baseball League ($217k).

At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.