Demco Foundation Inc

Analysis

Demco Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 1998, 28 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, Demco Foundation Inc reported income of $304k and spending of $380k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $304k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Demco Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Layman Foundation ($303k), Squire Patton Boggs Foundation ($304k) and Miss Tennessee Scholarship Competition Foundation Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $214k against liabilities of $0, net assets of $214k.