Davinci Maker Labs

Analysis

Davinci Maker Labs is a registered charity in United States, based in Alvin, TX. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Davinci Maker Labs reported income of $94k and spending of $99k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $127k to $94k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 158% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Davinci Maker Labs sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Kings Beach Elementary Pace ($94k), MC Henry Jr Warriors Pom & Cheer ($95k) and I Am Your Ruth ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $4,071. At year end it held assets of $702k against liabilities of $942k, net assets of -$240k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.