Da Vinci Schools Fund

Analysis

Da Vinci Schools Fund is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Da Vinci Schools Fund reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $721k to $1.2m (+63%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Da Vinci Schools Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Mt Sac Auxiliary Services ($1.2m), Hallis School Inc ($1.2m) and Huntsville Inner City Learningcenter Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.