Edward H Daveis Benevolent Fund
Edward H Daveis Benevolent Fund maintains strong assets and zero officer compensation, consistently directing funds to its mission.
EIN: 10473137 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $155K |
| Program Spending | 95% |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is Edward H Daveis Benevolent Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward H Daveis Benevolent Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward H Daveis Benevolent Fund
Edward H Daveis Benevolent Fund (EIN: 10473137) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $301K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward H Daveis Benevolent Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward H Daveis Benevolent Fund is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $155K |
| Surplus / Deficit | +$62K |
| Total Assets | $2.4M |
| Net Assets | $2.4M |
| Operating Margin | 28.7% |
| Months of Reserves | 186.0 months |
Financial Health Grade: A
In 2023, Edward H Daveis Benevolent Fund reported a surplus of $62K with revenue exceeding expenses, holds 186.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Edward H Daveis Benevolent Fund's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +116.4% | +3.3% | +6.4% |
| 2022 | -37.2% | -1.5% | -17.2% |
| 2021 | +92.8% | +10.9% | +14.4% |
| 2020 | +56.8% | +7.5% | +9.7% |
| 2019 | -63.4% | -2.0% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Edward H Daveis Benevolent Fund 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, Edward H Daveis Benevolent Fund 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 $62K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for directing funds to its mission.
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 Edward H Daveis Benevolent Fund:
- Zero officer compensation across all filings, indicating high efficiency and dedication to mission.
- Consistent maintenance of a strong asset base (e.g., $2,397,058 in 2023), demonstrating financial stability.
- No reported liabilities in any filing, indicating excellent financial health and responsible debt management.
- Expenses consistently managed relative to revenue, ensuring sustainable operations.
- Strong program focus implied by the absence of officer compensation and healthy financial position.
Frequently Asked Questions about Edward H Daveis Benevolent Fund
Is Edward H Daveis Benevolent Fund a legitimate charity?
Edward H Daveis Benevolent Fund (EIN: 10473137) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $301K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Edward H Daveis Benevolent Fund spend its money?
Edward H Daveis Benevolent Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward H Daveis Benevolent Fund tax-deductible?
Edward H Daveis Benevolent Fund is registered as a tax-exempt nonprofit (EIN: 10473137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edward H Daveis Benevolent Fund located?
Edward H Daveis Benevolent Fund is headquartered in Ellsworth, Maine and files with the IRS under EIN 10473137.
How many years of IRS 990 filings does Edward H Daveis Benevolent Fund have?
Edward H Daveis Benevolent Fund has 12 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 $301K in total revenue.
Is Edward H Daveis Benevolent Fund a good charity?
Based on the provided data, the Edward H Daveis Benevolent Fund appears to be a very good charity. It consistently maintains a strong asset base, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds for its benevolent purpose.
How does the organization manage its finances?
The organization manages its finances very conservatively and efficiently. It consistently holds significant assets (e.g., $2,397,058 in 2023) and reports zero liabilities, suggesting strong financial stability and responsible management. Expenses are consistently lower than or comparable to revenue in recent years, indicating sustainable operations.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated but shows a positive trend in the latest filing, increasing to $216,793 in 2023 from $100,182 in 2022. While there have been periods of lower revenue, the overall asset base has remained robust.
Filing History
IRS 990 filing history for Edward H Daveis Benevolent Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Edward H Daveis Benevolent Fund's revenue has grown by 297.2%, moving from $55K to $217K. Total assets increased by 25.5% over the same period, from $1.9M to $2.4M. Total functional expenses rose by 46.1%, from $106K to $155K. In its most recent filing year (2023), Edward H Daveis Benevolent Fund reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $155K | $2.4M | $0 | — | — |
| 2022 | $100K | $150K | $2.3M | $0 | — | — |
| 2021 | $160K | $152K | $2.7M | $0 | — | View 990 |
| 2020 | $83K | $137K | $2.4M | $0 | — | View 990 |
| 2019 | $53K | $128K | $2.2M | $0 | — | View 990 |
| 2018 | $144K | $130K | $2.0M | $0 | — | View 990 |
| 2017 | $74K | $124K | $2.2M | $0 | — | View 990 |
| 2016 | $74K | $120K | $2.0M | $0 | — | View 990 |
| 2015 | $81K | $120K | $2.0M | $0 | — | View 990 |
| 2014 | $82K | $126K | $2.1M | $0 | — | View 990 |
| 2013 | $89K | $107K | $2.1M | $0 | — | View 990 |
| 2012 | $55K | $106K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $155K, and assets of $2.4M (revenue +116.4% year-over-year).
- 2022: Revenue of $100K, expenses of $150K, and assets of $2.3M (revenue -37.2% year-over-year).
- 2021: Revenue of $160K, expenses of $152K, and assets of $2.7M (revenue +92.8% year-over-year).
- 2020: Revenue of $83K, expenses of $137K, and assets of $2.4M (revenue +56.8% year-over-year).
- 2019: Revenue of $53K, expenses of $128K, and assets of $2.2M (revenue -63.4% year-over-year).
- 2018: Revenue of $144K, expenses of $130K, and assets of $2.0M (revenue +95.2% year-over-year).
- 2017: Revenue of $74K, expenses of $124K, and assets of $2.2M (revenue +0.4% year-over-year).
- 2016: Revenue of $74K, expenses of $120K, and assets of $2.0M (revenue -8.6% year-over-year).
- 2015: Revenue of $81K, expenses of $120K, and assets of $2.0M (revenue -1.9% year-over-year).
- 2014: Revenue of $82K, expenses of $126K, and assets of $2.1M (revenue -7.8% year-over-year).
- 2013: Revenue of $89K, expenses of $107K, and assets of $2.1M (revenue +63.2% year-over-year).
- 2012: Revenue of $55K, expenses of $106K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward H Daveis Benevolent Fund:
Data Sources and Methodology
This transparency report for Edward H Daveis Benevolent Fund 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.