Davis Education Foundation

Analysis

Davis Education Foundation is a registered charity in United States, based in Farmington, UT. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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 Education Foundation reported income of $9.3m and spending of $9.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $9.3m (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davis Education Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Community and Shelter Assist Corp ($9.3m), American Airpower Heritage Foundation Inc ($9.4m) and Resilient Youth & Community Inc ($9.3m).

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 $5.5m against liabilities of $44k, net assets of $5.5m.