Devon 50 Inc

Analysis

Devon 50 Inc is a registered charity in United States, based in Devon, PA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Devon 50 Inc reported income of $1.1m and spending of $85k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $1.1m (+826%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 571%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Devon 50 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include The Life Is Good Kids Foundation Inc ($1.1m), 510 Foundation ($1.2m) and National Alliance of Faith and Justice ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.5% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.