Davenant Institute Inc

Analysis

Davenant Institute Inc is a registered charity in United States, based in Pullman, WA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Davenant Institute Inc reported income of $1.3m and spending of $936k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $301k to $1.3m (+320%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 172%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Davenant Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Nefesh LA ($1.3m), Lewes-Rehoboth Association of Churches Inc ($1.3m) and Belz 2008 Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $144k (15% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.4m against liabilities of $444k, net assets of $1.0m. It reported 8 employees.