Cornelia Nixon Davis Inc

Analysis

Cornelia Nixon Davis Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Cornelia Nixon Davis Inc reported income of $32.3m and spending of $33.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.9m to $32.3m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cornelia Nixon Davis Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Crisis Text Line Inc ($32.3m), Iowa Prescription Drug Corporation ($32.4m) and Beechwood Health Care Center Inc ($32.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $383k (1.1% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $155.3m against liabilities of $99.1m, net assets of $56.2m. It reported 444 employees.