Davis Family Foundation
Davis Family Foundation maintains strong asset base and zero officer compensation, indicating high program efficiency.
EIN: 10390443 · Yarmouth, ME · NTEE: T900 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $2.4M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $89.5M |
| Transparency Score | 90/100 |
Is Davis Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Davis Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Davis Family Foundation
Davis Family Foundation (EIN: 10390443) is a nonprofit organization based in Yarmouth, ME, classified under NTEE code T900. The organization reported total revenue of $9.2M and total assets of $100.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davis Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Davis Family Foundation is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$811K |
| Total Assets | $89.6M |
| Total Liabilities | $133K |
| Net Assets | $89.5M |
| Operating Margin | 25.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 442.0 months |
Financial Health Grade: A
In 2023, Davis Family Foundation reported a surplus of $811K with revenue exceeding expenses, holds 442.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Davis Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | -27.2% | +16.6% |
| 2022 | -38.7% | +14.1% | -19.1% |
| 2021 | -12.5% | +30.1% | +14.4% |
| 2020 | +33.8% | -19.1% | +9.1% |
| 2019 | -26.3% | -24.3% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Davis Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Davis Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $811K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly unusual for an organization of its size with assets exceeding $100 million and suggests a very lean operational model or that executive services are provided pro bono or compensated through other entities.
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 Davis Family Foundation's IRS 990 filings:
- None identified based on the provided financial data.
Strengths
The following positive indicators were identified for Davis Family Foundation:
- Zero officer compensation, indicating high efficiency and dedication to mission.
- Strong and growing asset base, currently over $100 million, providing long-term stability.
- Consistent financial surpluses in most years (e.g., $810,524 surplus in 2023), demonstrating sound financial management.
- Low liabilities relative to assets (e.g., $132,909 liabilities vs. $89,607,909 assets in 2023), indicating minimal financial risk.
Frequently Asked Questions about Davis Family Foundation
Is Davis Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Davis Family Foundation (EIN: 10390443) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Davis Family Foundation spend its money?
Davis Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Davis Family Foundation tax-deductible?
Davis Family Foundation is registered as a tax-exempt nonprofit (EIN: 10390443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Davis Family Foundation CEO make?
Davis Family Foundation's highest-compensated officer earns $100 annually. The organization reported $9.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Davis Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Davis Family Foundation is above average for NTEE category T900 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Davis Family Foundation located?
Davis Family Foundation is headquartered in Yarmouth, Maine and files with the IRS under EIN 10390443. It is classified under NTEE code T900.
How many years of IRS 990 filings does Davis Family Foundation have?
Davis Family Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.2M in total revenue.
Is the Davis Family Foundation a good charity?
Based on the provided data, the Davis Family Foundation appears to be a very good charity. It maintains a substantial asset base, consistently reports zero officer compensation, and generally operates with a healthy financial surplus, all of which suggest strong financial management and a high dedication to its mission.
How does the foundation manage to operate with zero officer compensation?
The filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated by a related entity, or that the foundation's operational structure minimizes the need for paid executive roles, allowing more funds to be directed to programs.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the past decade, increasing from $70,283,775 in 2014 to $100,467,900 currently, indicating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for Davis Family Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Davis Family Foundation's revenue has grown by 67.7%, moving from $1.9M to $3.2M. Total assets increased by 55.1% over the same period, from $57.8M to $89.6M. Total functional expenses fell by 7.1%, from $2.6M to $2.4M. In its most recent filing year (2023), Davis Family Foundation reported a surplus of $811K, with revenue exceeding expenses. The organization holds $133K in liabilities against $89.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $89.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.4M | $89.6M | $133K | — | — |
| 2022 | $2.4M | $3.3M | $76.8M | $148K | — | View 990 |
| 2021 | $3.9M | $2.9M | $94.9M | $187K | — | View 990 |
| 2020 | $4.5M | $2.3M | $83.0M | $51K | — | View 990 |
| 2019 | $3.3M | $2.8M | $76.1M | $23K | — | View 990 |
| 2018 | $4.5M | $3.7M | $65.0M | $15K | — | View 990 |
| 2017 | $1.9M | $3.2M | $75.1M | $15K | — | View 990 |
| 2016 | $2.4M | $2.8M | $66.3M | $23K | — | View 990 |
| 2015 | $1.1M | $2.9M | $64.4M | $13K | — | View 990 |
| 2014 | $1.8M | $2.7M | $70.3M | $38K | — | View 990 |
| 2013 | $2.4M | $2.5M | $69.8M | $31K | — | View 990 |
| 2012 | $1.6M | $2.6M | $62.9M | $7K | — | View 990 |
| 2011 | $1.9M | $2.6M | $57.8M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.4M, and assets of $89.6M (revenue +35.4% year-over-year).
- 2022: Revenue of $2.4M, expenses of $3.3M, and assets of $76.8M (revenue -38.7% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.9M, and assets of $94.9M (revenue -12.5% year-over-year).
- 2020: Revenue of $4.5M, expenses of $2.3M, and assets of $83.0M (revenue +33.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.8M, and assets of $76.1M (revenue -26.3% year-over-year).
- 2018: Revenue of $4.5M, expenses of $3.7M, and assets of $65.0M (revenue +137.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $3.2M, and assets of $75.1M (revenue -19.7% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.8M, and assets of $66.3M (revenue +116.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $2.9M, and assets of $64.4M (revenue -39.6% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.7M, and assets of $70.3M (revenue -24.4% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $69.8M (revenue +53.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.6M, and assets of $62.9M (revenue -19.2% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.6M, and assets of $57.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Davis Family Foundation:
Data Sources and Methodology
This transparency report for Davis Family Foundation 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.