The D Truitt and Lorna Davis Foundation

Analysis

The D Truitt and Lorna Davis Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The D Truitt and Lorna Davis Foundation reported income of $108k and spending of $103k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $108k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The D Truitt and Lorna Davis Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Artists Charitable Fund ($108k), Racers for Tots Inc ($108k) and United Way of Kaufman County ($108k).

At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.