Davis Memorial Fund Inc

Analysis

Davis Memorial Fund Inc is a registered charity in United States, based in Lawrence, NY. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Davis Memorial Fund Inc reported income of $9.2m and spending of $9.8m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $6.1m to $9.2m (+51%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Davis Memorial Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Kings Bridge Retirement Inc ($9.2m), Starr Commonwealth ($9.2m) and Scan Group ($9.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $149k. It paid $39k in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.5m. It reported 3 employees.