Workshop of Davidson Incorporated

Analysis

Workshop of Davidson Incorporated is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Workshop of Davidson Incorporated reported income of $2.6m and spending of $1.8m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $2.6m (+122%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Workshop of Davidson Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Advancement Services of Jones Co ($2.6m), Community Development Institute ($2.6m) and Producers Partnership Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Other salaries and wages came to $998k. At year end it held assets of $1.7m against liabilities of $195k, net assets of $1.5m. It reported 44 employees.