Davis Street Foundation

Analysis

Davis Street Foundation is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Davis Street Foundation reported income of $642k and spending of $17k, leaving 97% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $350k to $642k (+83%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 5.6% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Davis Street Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Chinatown International District ($642k), Evergreen Business Capital Community Finance ($642k) and Madisonville-Hopkins County Development Corporation ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.