Davis Memorial Foundation

Analysis

Davis Memorial Foundation is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in December 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Davis Memorial Foundation reported income of $137k and spending of $88k, leaving 36% of income unspent that year. Across the 4 years on record, from September 2021 to December 2023, income grew from $114k to $137k (+20%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 663%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Davis Memorial Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Canyon Blooms Petals for Patients ($137k), Hands for Haiti ($138k) and SHC Foundation ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $554k against liabilities of $699, net assets of $553k.