Davidson County Education Foundation Inc

Analysis

Davidson County Education Foundation Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2023, Davidson County Education Foundation Inc reported income of $64k and spending of $33k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $64k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Davidson County Education Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Kiwanis Club of Rancho Murieta Foundation ($64k), Rohnert Park Cotati Rotary Foundation ($64k) and Carnegie-Stout Public Library Foundation ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 8.8% of the total. At year end it held assets of $641k against liabilities of $0, net assets of $641k.