Davie Community Foundation Inc

Analysis

Davie Community Foundation Inc is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in April 1990, 36 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 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 December 2023, Davie Community Foundation Inc reported income of $5.2m and spending of $1.7m, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.6m to $5.2m (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income dropped by 139%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Davie Community Foundation 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 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Growing Up New Mexico Inc ($5.2m), Jewish Family Services of Broward Foundation Inc ($5.2m) and Legacy Global Foundation Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $111k (6.5% of expenses). Other salaries and wages came to $132k. At year end it held assets of $25.4m against liabilities of $1,250, net assets of $25.4m. It reported 7 employees.