Da Vinci Education Foundation Inc

Analysis

Da Vinci Education Foundation Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in December 2019, 7 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Da Vinci Education Foundation Inc reported income of $118k and spending of $102k, spending 87% of its income. Across the 5 years on record, from June 2019 to December 2023, income fell from $703k to $118k (-83%), an average of -36% a year. The sharpest change came in the year to June 2022, when income rose by 375%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Da Vinci Education Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Worldwomenwork ($118k), Retired Detectives of the Police Department of the City of New York ($118k) and George Watts Hill Foundation ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 15% of the total. At year end it held assets of $582k against liabilities of $48, net assets of $582k.