The J F and Lake K Davis Trust

Analysis

The J F and Lake K Davis Trust is a registered charity in United States, based in Fincastle, VA. It received its IRS tax-exemption ruling in February 1995, 31 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 J F and Lake K Davis Trust reported income of $57k and spending of $54k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $57k (+4.4%), an average of +1.1% a year. Over the whole period it spent 101% 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 J F and Lake K Davis Trust sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include SLBR Charities ($57k), Legacy Cellar Foundation ($57k) and Tamuras Charitable Foundation ($57k).

Compensation of current officers, directors and key employees was $11k (20% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.