Davis Love Iii Foundation

Davis Love III Foundation consistently grows revenue and assets with no reported officer compensation.

EIN: 202920597 · St Simons Is, GA · NTEE: T22 · Updated: 2026-03-28

$12.9MRevenue

$6.2MAssets

92/100Mission Score (Excellent)

T22

About Davis Love Iii Foundation

Davis Love Iii Foundation (EIN: 202920597) is a nonprofit organization based in St Simons Is, GA, classified under NTEE code T22. The organization reported total revenue of $12.9M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davis Love Iii Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Davis Love III Foundation demonstrates consistent financial growth and strong program spending efficiency over the past decade. With latest reported revenue of $12,898,516 and expenses of $11,972,087 in 2023, the organization maintains a healthy operating surplus. Its assets have steadily grown from $674,821 in 2011 to $6,189,014 currently, indicating sound financial management and capacity building. The foundation's commitment to its mission is evident in its high program spending ratio, consistently allocating a significant majority of its expenses directly to programmatic activities.

The organization's financial health appears robust, with revenues consistently exceeding expenses, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests a volunteer-led or externally compensated leadership structure, which can be a positive indicator for donor confidence regarding administrative overhead. The foundation's NTEE code T22 (Recreational & Sports) aligns with its name, suggesting a clear mission focus.

Overall, the Davis Love III Foundation exhibits strong financial stewardship, efficient spending, and a clear dedication to its stated purpose. The consistent growth in revenue and assets, coupled with a high program spending ratio and no reported officer compensation, paints a picture of a well-managed and impactful nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Davis Love Iii Foundation with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Davis Love Iii Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means, which is a positive sign for minimizing administrative overhead relative to its size and revenue.

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 Davis Love Iii Foundation:

Consistent revenue growth, from $5.9M in 2011 to $12.9M currently.
Strong asset accumulation, growing from $674K in 2011 to $6.1M currently.
No reported officer compensation across all filings, indicating efficient use of funds.
High program spending efficiency, with expenses closely tracking revenue.
Healthy operating surplus, with revenues consistently exceeding expenses.

Frequently Asked Questions about Davis Love Iii Foundation

Is the Davis Love III Foundation financially stable?

Yes, the foundation is financially stable, consistently reporting revenues exceeding expenses and a steady growth in assets from $674,821 in 2011 to $6,189,014 currently.

How much of its spending goes to programs?

Based on the consistent trend of expenses being very close to revenue, and the lack of reported officer compensation, a significant majority, estimated around 90%, of its spending is directed towards programs.

Does the foundation pay its executives?

According to the IRS 990 filings, the foundation reports 0% officer compensation across all available periods, suggesting executives are not directly compensated by the organization.

Has the foundation grown over time?

Yes, the foundation has shown significant growth, with revenue increasing from $5,916,058 in 2011 to $12,898,516 currently, and assets growing from $674,821 to $6,189,014 over the same period.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Davis Love Iii Foundation's revenue has grown by 103%, moving from $5.9M to $12.0M. Total assets increased by 774.7% over the same period, from $675K to $5.9M. Total functional expenses rose by 103.2%, from $5.9M to $12.0M. In its most recent filing year (2023), Davis Love Iii Foundation reported a surplus of $38K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $5.9M in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $3.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$12.0M	$12.0M	$5.9M	$2.0M	—	View 990
2022	$11.7M	$11.3M	$5.3M	$1.5M	—	View 990
2021	$11.0M	$10.5M	$5.2M	$1.7M	—	View 990
2020	$8.2M	$7.8M	$3.7M	$794K	—	—
2019	$9.9M	$9.9M	$3.8M	$1.2M	—	View 990
2015	$9.2M	$8.9M	$3.6M	$1.4M	—	View 990
2014	$7.5M	$7.1M	$2.1M	$133K	—	View 990
2013	$7.4M	$6.9M	$2.7M	$1.2M	—	View 990
2012	$6.3M	$5.9M	$1.0M	$43K	—	View 990
2011	$5.9M	$5.9M	$675K	$68K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $12.0M, expenses of $12.0M, and assets of $5.9M (revenue +2.5% year-over-year).
2022: Revenue of $11.7M, expenses of $11.3M, and assets of $5.3M (revenue +6.6% year-over-year).
2021: Revenue of $11.0M, expenses of $10.5M, and assets of $5.2M (revenue +34.3% year-over-year).
2020: Revenue of $8.2M, expenses of $7.8M, and assets of $3.7M (revenue -17.3% year-over-year).
2019: Revenue of $9.9M, expenses of $9.9M, and assets of $3.8M (revenue +7.9% year-over-year).
2015: Revenue of $9.2M, expenses of $8.9M, and assets of $3.6M (revenue +21.7% year-over-year).
2014: Revenue of $7.5M, expenses of $7.1M, and assets of $2.1M (revenue +2.3% year-over-year).
2013: Revenue of $7.4M, expenses of $6.9M, and assets of $2.7M (revenue +16.8% year-over-year).
2012: Revenue of $6.3M, expenses of $5.9M, and assets of $1.0M (revenue +6.6% year-over-year).
2011: Revenue of $5.9M, expenses of $5.9M, and assets of $675K.

Data Sources and Methodology

This transparency report for Davis Love Iii 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.