Daniel Foundation Inc

Analysis

Daniel Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Daniel Foundation Inc reported income of $219k and spending of $33k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $328k to $219k (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daniel Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Philip Hofer Charitable Trust ($219k), Bella Vista Foundation ($219k) and Public Health Fund of Ohio ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% of the total. At year end it held assets of $4.6m against liabilities of $33k, net assets of $4.5m.