Davatzes Family Foundation Inc
Davatzes Family Foundation maintains strong asset growth and zero executive compensation amidst fluctuating revenues.
EIN: 200446948 · Wilton, CT · NTEE: T22 · Updated: 2026-03-28
Is Davatzes Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Davatzes Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Davatzes Family Foundation Inc
Davatzes Family Foundation Inc (EIN: 200446948) is a nonprofit organization based in Wilton, CT, classified under NTEE code T22. The organization reported total revenue of $625K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davatzes Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Davatzes Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $270K |
| Surplus / Deficit | $-3,879 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.3 months |
Financial Health Grade: B
In 2023, Davatzes Family Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 179.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Davatzes Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.1% | -1.3% | -0.1% |
| 2022 | +357.8% | +25.8% | +95.0% |
| 2021 | +742.3% | +28.3% | +15.1% |
| 2020 | -72.9% | +29.6% | -5.8% |
| 2019 | +89.6% | +17.7% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Davatzes Family Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Davatzes Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets over $4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Davatzes Family Foundation Inc:
- Consistent asset growth, reaching over $4 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities ($1 in most recent filings), demonstrating strong financial health.
- Conservative expense management relative to asset base.
Frequently Asked Questions about Davatzes Family Foundation Inc
Is Davatzes Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Davatzes Family Foundation Inc (EIN: 200446948) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Davatzes Family Foundation Inc spend its money?
Davatzes Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Davatzes Family Foundation Inc tax-deductible?
Davatzes Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200446948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Davatzes Family Foundation Inc. a good charity?
Based on the available financial data, the Davatzes Family Foundation Inc. appears to be a very good charity. It exhibits strong financial health with growing assets, minimal liabilities, and a highly efficient operational model with 0% officer compensation, suggesting a strong focus on its mission.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been well-managed, often below or close to its revenue, except for a few years like 2023 ($269,852 expenses vs. $265,973 revenue) and 2020 ($169,425 expenses vs. $58,090 revenue). However, given its substantial assets, these shortfalls are easily covered, and overall spending is conservative.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend, growing from $1,566,827 in 2011 to $4,032,482 in 2023, indicating strong financial management and growth over time.
Filing History
IRS 990 filing history for Davatzes Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Davatzes Family Foundation Inc's revenue has grown by 282.2%, moving from $70K to $266K. Total assets increased by 157.4% over the same period, from $1.6M to $4.0M. Total functional expenses rose by 213.7%, from $86K to $270K. In its most recent filing year (2023), Davatzes Family Foundation Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $270K | $4.0M | $1 | — | — |
| 2022 | $2.2M | $274K | $4.0M | $1 | — | View 990 |
| 2021 | $489K | $217K | $2.1M | $1 | — | View 990 |
| 2020 | $58K | $169K | $1.8M | $1 | — | — |
| 2019 | $214K | $131K | $1.9M | $1 | — | View 990 |
| 2015 | $113K | $111K | $1.6M | $1 | — | View 990 |
| 2014 | $219K | $97K | $1.6M | $1 | — | View 990 |
| 2013 | $72K | $92K | $1.5M | $1 | — | View 990 |
| 2012 | $62K | $87K | $1.5M | $1 | — | View 990 |
| 2011 | $70K | $86K | $1.6M | $693 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $270K, and assets of $4.0M (revenue -88.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $274K, and assets of $4.0M (revenue +357.8% year-over-year).
- 2021: Revenue of $489K, expenses of $217K, and assets of $2.1M (revenue +742.3% year-over-year).
- 2020: Revenue of $58K, expenses of $169K, and assets of $1.8M (revenue -72.9% year-over-year).
- 2019: Revenue of $214K, expenses of $131K, and assets of $1.9M (revenue +89.6% year-over-year).
- 2015: Revenue of $113K, expenses of $111K, and assets of $1.6M (revenue -48.5% year-over-year).
- 2014: Revenue of $219K, expenses of $97K, and assets of $1.6M (revenue +206.7% year-over-year).
- 2013: Revenue of $72K, expenses of $92K, and assets of $1.5M (revenue +15.3% year-over-year).
- 2012: Revenue of $62K, expenses of $87K, and assets of $1.5M (revenue -10.9% year-over-year).
- 2011: Revenue of $70K, expenses of $86K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Davatzes Family Foundation Inc:
Data Sources and Methodology
This transparency report for Davatzes Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.