Bernice and David E Davis Art Foundation

Analysis

Bernice and David E Davis Art Foundation is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bernice and David E Davis Art Foundation reported income of $83k and spending of $128k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $83k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income dropped by 135%. Over the whole period it spent 154% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bernice and David E Davis Art Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Friends of the Creche ($83k), Rich Mountain Battlefield Foundation Inc ($83k) and Orchard Valley Ceramic Arts Guild ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $12k (9.7% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.