Davidson Family Foundation Inc
Davidson Family Foundation operates with unpaid officers, showing fluctuating revenues and expenses, occasionally drawing from assets.
EIN: 133097034 · Lewes, DE · Updated: 2026-03-28
Is Davidson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Davidson Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Davidson Family Foundation Inc
Davidson Family Foundation Inc (EIN: 133097034) is a nonprofit organization based in Lewes, DE. The organization reported total revenue of $19K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davidson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Davidson Family Foundation Inc is a micro nonprofit that has been operating for 44 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $5K |
| Surplus / Deficit | +$501 |
| Total Assets | $122K |
| Total Liabilities | $1 |
| Net Assets | $122K |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 283.1 months |
Financial Health Grade: A
In 2023, Davidson Family Foundation Inc reported a surplus of $501 with revenue exceeding expenses, holds 283.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Davidson Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | -52.2% | -11.9% |
| 2022 | -42.5% | +95.8% | -3.5% |
| 2021 | +120.2% | -38.1% | +7.9% |
| 2019 | +11.6% | -8.5% | +6.6% |
| 2015 | -62.1% | +4.9% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Davidson Family Foundation Inc with a Mission Score of 85 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, Davidson 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 surplus of $501, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the foundation's officers are unpaid, which is highly commendable for a small organization of its size.
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.
Red Flags
The following concerns were identified during AI analysis of Davidson Family Foundation Inc's IRS 990 filings:
- Consistent net losses in multiple years (e.g., 2022, 2019, 2015, 2013, 2012) where expenses exceeded revenue, potentially eroding asset base over time.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary, making it difficult to fully assess spending efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for Davidson Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds and volunteer leadership.
- Consistent filing of IRS Form 990s, demonstrating good transparency.
- Low liabilities (consistently $1) across most periods, suggesting sound financial management and minimal debt.
- Stable asset base over a long period, despite fluctuating revenues and expenses.
Frequently Asked Questions about Davidson Family Foundation Inc
Is Davidson Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Davidson Family Foundation Inc (EIN: 133097034) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Davidson Family Foundation Inc spend its money?
Davidson Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Davidson Family Foundation Inc tax-deductible?
Davidson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133097034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities or grants made by the Davidson Family Foundation Inc.?
The provided data does not detail specific program activities or grant recipients. Further investigation of their full IRS Form 990 filings would be necessary to understand their charitable distributions.
How does the foundation manage years where expenses significantly exceed revenue?
In years like 2022 (expenses $10,835 vs. revenue $5,817) and 2019 (expenses $8,937 vs. revenue $4,592), the foundation appears to cover the deficit by drawing from its existing assets, as evidenced by the decrease in total assets in those periods.
What is the primary source of the foundation's revenue?
The provided data does not specify the source of revenue (e.g., investment income, contributions). A review of the full 990 forms would be needed to identify revenue streams.
Filing History
IRS 990 filing history for Davidson Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Davidson Family Foundation Inc's revenue has declined by 68.2%, moving from $18K to $6K. Total assets decreased by 10.2% over the same period, from $136K to $122K. Total functional expenses fell by 23.3%, from $7K to $5K. In its most recent filing year (2023), Davidson Family Foundation Inc reported a surplus of $501, with revenue exceeding expenses. The organization holds $1 in liabilities against $122K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $5K | $122K | $1 | — | — |
| 2022 | $6K | $11K | $139K | $1 | — | View 990 |
| 2021 | $10K | $6K | $144K | $1 | — | — |
| 2019 | $5K | $9K | $133K | $1 | — | View 990 |
| 2015 | $4K | $10K | $125K | $1 | — | View 990 |
| 2014 | $11K | $9K | $141K | $1 | — | View 990 |
| 2013 | $5K | $13K | $145K | $1 | — | View 990 |
| 2012 | $4K | $8K | $147K | $1 | — | View 990 |
| 2011 | $18K | $7K | $136K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $5K, and assets of $122K (revenue -2.4% year-over-year).
- 2022: Revenue of $6K, expenses of $11K, and assets of $139K (revenue -42.5% year-over-year).
- 2021: Revenue of $10K, expenses of $6K, and assets of $144K (revenue +120.2% year-over-year).
- 2019: Revenue of $5K, expenses of $9K, and assets of $133K (revenue +11.6% year-over-year).
- 2015: Revenue of $4K, expenses of $10K, and assets of $125K (revenue -62.1% year-over-year).
- 2014: Revenue of $11K, expenses of $9K, and assets of $141K (revenue +119.9% year-over-year).
- 2013: Revenue of $5K, expenses of $13K, and assets of $145K (revenue +16.5% year-over-year).
- 2012: Revenue of $4K, expenses of $8K, and assets of $147K (revenue -76.2% year-over-year).
- 2011: Revenue of $18K, expenses of $7K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Davidson Family Foundation Inc:
Data Sources and Methodology
This transparency report for Davidson 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.