Davis Magnet School Education Foundation

Analysis

Davis Magnet School Education Foundation is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Davis Magnet School Education Foundation reported income of $104k and spending of $72k, leaving 31% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income fell from $138k to $104k (-25%), an average of -25% a year. The sharpest change came in the year to July 2024, when income dropped by 25%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Davis Magnet School Education Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Alumni and Friends of Lynn Classical High School Inc ($104k), Children & Teachers Foundation of the Chicago Teachers Union ($104k) and Harvard Business School Club of Dallas ($104k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.