Davidson-Davie Community College Foundation Inc

Analysis

Davidson-Davie Community College Foundation Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in September 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Davidson-Davie Community College Foundation Inc reported income of $4.5m and spending of $1.1m, leaving 76% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $4.5m (+302%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 334%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davidson-Davie Community College Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Georgia Environmental Loan Acquisition Corp ($4.5m), Kupath Ezrah of Rockland County Inc ($4.5m) and Wendell Holmes Rural Fire Department ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% of the total. At year end it held assets of $29.3m against liabilities of $599, net assets of $29.3m.