Davenport University Foundation

Analysis

Davenport University Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Davenport University Foundation reported income of $2.4m and spending of $5.1m, spending 209% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Davenport University Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Step Up Tutoring ($2.4m), League for Innovation in the Community College ($2.4m) and Trident Academy Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $34.9m against liabilities of $62k, net assets of $34.9m.