Davis Family Foundation

Davis Family Foundation maintains substantial assets and low expenses with zero reported officer compensation.

EIN: 10751429 · Hanover, MD · NTEE: T22 · Updated: 2026-03-27

$135.8MRevenue

$1.6BAssets

95/100Mission Score (Excellent)

T22

About Davis Family Foundation

Davis Family Foundation (EIN: 10751429) is a nonprofit organization based in Hanover, MD, classified under NTEE code T22. The organization reported total revenue of $135.8M and total assets of $1.6B 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.

AI Transparency Report

The Davis Family Foundation demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown remarkable growth in assets, increasing from $179.5 million in 2011 to nearly $1.6 billion currently, indicating robust financial management and investment strategies. Its revenue streams have also been substantial and generally increasing, with the latest reported revenue at $135.8 million.

The foundation consistently maintains a very low expense ratio relative to its revenue and assets, suggesting efficient operations. For example, in 2023, expenses were $56.8 million against $101.5 million in revenue, and in 2022, expenses were $57.2 million against $108.4 million in revenue. This indicates that a significant portion of its financial resources is retained or directed towards its programmatic goals rather than being consumed by overhead. The consistent reporting of 0% officer compensation across all available filings further highlights a strong focus on directing funds to the mission rather than executive salaries, contributing positively to its transparency and public trust.

Overall, the Davis Family Foundation appears to be a financially sound and efficiently managed organization. Its substantial and growing asset base, coupled with low operational expenses and zero reported officer compensation, suggests a highly effective philanthropic model. The consistent filing of IRS 990s over a decade also points to a commitment to transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Davis Family Foundation 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: 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officer compensation is drawn from the foundation's funds, which is highly unusual for an organization of its size with assets nearing $1.6 billion.

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:

Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data, making precise spending efficiency analysis challenging beyond overall expenses.
The consistent 'Liabilities=$1' across multiple recent filings is unusual and might warrant further investigation into accounting practices, though it's a minor amount.

Strengths

The following positive indicators were identified for Davis Family Foundation:

Exceptional asset growth, from $179.5 million in 2011 to $1.6 billion currently, indicating strong financial management.
Consistently low overall expenses relative to revenue and assets, suggesting high operational efficiency.
Zero reported officer compensation across all filings, demonstrating a strong commitment to directing funds towards the mission.
Substantial and consistent revenue streams, providing a stable financial base for philanthropic activities.
Consistent IRS 990 filing history over a decade, indicating good transparency practices.

Frequently Asked Questions about Davis Family Foundation

Is Davis Family Foundation a good charity?

Based on its financial data, the Davis Family Foundation appears to be a very good charity. It has a massive and growing asset base ($1.6 billion), consistently low expenses relative to revenue, and reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.

How has the foundation's financial health changed over time?

The foundation's financial health has significantly improved over time. Assets grew from $179.5 million in 2011 to $1.6 billion currently, and revenue has consistently been in the tens to hundreds of millions annually, demonstrating robust growth and stability.

What is the foundation's spending efficiency?

The foundation demonstrates high spending efficiency. For example, in 2023, expenses were $56.8 million against $101.5 million in revenue, meaning less than 60% of its revenue was spent, allowing for significant asset growth and future program funding. The consistent 0% officer compensation also points to extreme efficiency in executive costs.

Does the foundation have high administrative costs?

No, the foundation does not appear to have high administrative costs. While specific breakdowns aren't provided, the overall expense-to-revenue ratio is low, and the 0% officer compensation suggests a very lean administrative structure at the executive level.

Filing History

IRS 990 filing history for Davis Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Davis Family Foundation's revenue has grown by 93%, moving from $52.6M to $101.5M. Total assets increased by 654.9% over the same period, from $179.5M to $1.4B. Total functional expenses rose by 669.8%, from $7.4M to $56.8M. In its most recent filing year (2023), Davis Family Foundation reported a surplus of $44.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4B.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$101.5M	$56.8M	$1.4B	$1	—	View 990
2022	$108.4M	$57.3M	$1.1B	$1	—	View 990
2021	$64.5M	$61.7M	$1.3B	$1	—	View 990
2020	$72.7M	$48.0M	$1.1B	$1	—	View 990
2019	$74.5M	$43.1M	$952.9M	$1	—	View 990
2015	$74.3M	$28.5M	$579.8M	$0	—	View 990
2014	$112.8M	$23.5M	$553.8M	$0	—	View 990
2013	$108.7M	$16.9M	$443.4M	$0	—	View 990
2012	$104.5M	$10.2M	$291.5M	$0	—	View 990
2011	$52.6M	$7.4M	$179.5M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $101.5M, expenses of $56.8M, and assets of $1.4B (revenue -6.3% year-over-year).
2022: Revenue of $108.4M, expenses of $57.3M, and assets of $1.1B (revenue +68.1% year-over-year).
2021: Revenue of $64.5M, expenses of $61.7M, and assets of $1.3B (revenue -11.3% year-over-year).
2020: Revenue of $72.7M, expenses of $48.0M, and assets of $1.1B (revenue -2.4% year-over-year).
2019: Revenue of $74.5M, expenses of $43.1M, and assets of $952.9M (revenue +0.2% year-over-year).
2015: Revenue of $74.3M, expenses of $28.5M, and assets of $579.8M (revenue -34.1% year-over-year).
2014: Revenue of $112.8M, expenses of $23.5M, and assets of $553.8M (revenue +3.8% year-over-year).
2013: Revenue of $108.7M, expenses of $16.9M, and assets of $443.4M (revenue +4.0% year-over-year).
2012: Revenue of $104.5M, expenses of $10.2M, and assets of $291.5M (revenue +98.6% year-over-year).
2011: Revenue of $52.6M, expenses of $7.4M, and assets of $179.5M.

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.