Happy Davis Foundation
Happy Davis Foundation maintains growing assets with minimal expenses and no reported officer compensation.
EIN: 203246052 · Wilmington, DE · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $37K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.7M |
| Transparency Score | 85/100 |
Is Happy Davis Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Happy Davis Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Happy Davis Foundation
Happy Davis Foundation (EIN: 203246052) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T12. The organization reported total revenue of $283K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Happy Davis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Happy Davis Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $37K |
| Surplus / Deficit | +$115K |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | 75.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 867.7 months |
Financial Health Grade: A
In 2023, Happy Davis Foundation reported a surplus of $115K with revenue exceeding expenses, holds 867.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Happy Davis Foundation's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.3% | +28.4% | +4.5% |
| 2022 | -26.6% | +18.9% | +8.0% |
| 2021 | +200.4% | -88.1% | +4.0% |
| 2020 | -98.1% | -96.0% | +3.5% |
| 2019 | -45.8% | -46.3% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Happy Davis Foundation 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, Happy Davis Foundation 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 $115K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is not reported on the 990, which is highly unusual for an organization with assets nearing $3 million.
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 Happy Davis Foundation's IRS 990 filings:
- Significant fluctuation in annual revenue, from $10.2M in 2014 to $151K in 2023, without clear explanation.
- No reported officer compensation for an organization with nearly $3 million in assets, which could indicate a lack of transparency regarding leadership costs or an unusual operational model.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Happy Davis Foundation:
- Consistent growth in assets, from $1.8M in 2011 to $2.9M in 2023, indicating strong financial management.
- Extremely low reported expenses relative to revenue and assets in recent years, suggesting high operational efficiency.
- Zero reported officer compensation, contributing to very low administrative overhead.
- Consistent IRS 990 filing history (10 filings), demonstrating good compliance and transparency.
Frequently Asked Questions about Happy Davis Foundation
Is Happy Davis Foundation a legitimate charity?
Happy Davis Foundation (EIN: 203246052) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $283K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Happy Davis Foundation spend its money?
Happy Davis Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Happy Davis Foundation tax-deductible?
Happy Davis Foundation is registered as a tax-exempt nonprofit (EIN: 203246052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Happy Davis Foundation CEO make?
Happy Davis Foundation's highest-compensated officer earns $3 annually. The organization reported $283K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Happy Davis Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Happy Davis Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Happy Davis Foundation located?
Happy Davis Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203246052. It is classified under NTEE code T12.
How many years of IRS 990 filings does Happy Davis Foundation have?
Happy Davis Foundation has 10 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 $283K in total revenue.
How does Happy Davis Foundation manage to operate with such low reported expenses?
The organization consistently reports very low expenses relative to its revenue and assets. For example, in 2023, expenses were $36,879 against $151,509 in revenue. This suggests a highly efficient, possibly volunteer-driven model, or that significant operational costs are borne by a related entity.
What are the primary program activities of Happy Davis Foundation given its NTEE code T12 (Philanthropy, Voluntarism & Grantmaking Foundations)?
As a grantmaking foundation, its primary program activity would typically involve distributing grants to other organizations or individuals. The low expenses could indicate that the majority of its 'program' spending is direct grant disbursements, which are not always categorized as 'expenses' in the same way as operational costs.
Why is there no officer compensation reported across all filings?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any compensation is paid by a related entity and not directly by the Happy Davis Foundation, which is a significant factor in its low expense profile.
Filing History
IRS 990 filing history for Happy Davis Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Happy Davis Foundation's revenue has declined by 97%, moving from $5.1M to $152K. Total assets increased by 18% over the same period, from $2.3M to $2.7M. Total functional expenses fell by 99.1%, from $4.2M to $37K. In its most recent filing year (2023), Happy Davis Foundation reported a surplus of $115K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $152K | $37K | $2.7M | $1 | — | View 990 |
| 2022 | $217K | $29K | $2.6M | $1 | — | View 990 |
| 2021 | $296K | $24K | $2.4M | $1 | — | — |
| 2020 | $99K | $203K | $2.3M | $182K | — | — |
| 2019 | $5.2M | $5.1M | $2.2M | $1 | — | View 990 |
| 2015 | $9.5M | $9.5M | $1.9M | $0 | — | View 990 |
| 2014 | $10.2M | $10.1M | $1.8M | $1 | — | View 990 |
| 2013 | $6.1M | $6.3M | $1.7M | $1 | — | View 990 |
| 2012 | $5.6M | $5.9M | $2.0M | $1 | — | View 990 |
| 2011 | $5.1M | $4.2M | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $152K, expenses of $37K, and assets of $2.7M (revenue -30.3% year-over-year).
- 2022: Revenue of $217K, expenses of $29K, and assets of $2.6M (revenue -26.6% year-over-year).
- 2021: Revenue of $296K, expenses of $24K, and assets of $2.4M (revenue +200.4% year-over-year).
- 2020: Revenue of $99K, expenses of $203K, and assets of $2.3M (revenue -98.1% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.1M, and assets of $2.2M (revenue -45.8% year-over-year).
- 2015: Revenue of $9.5M, expenses of $9.5M, and assets of $1.9M (revenue -6.6% year-over-year).
- 2014: Revenue of $10.2M, expenses of $10.1M, and assets of $1.8M (revenue +67.9% year-over-year).
- 2013: Revenue of $6.1M, expenses of $6.3M, and assets of $1.7M (revenue +9.4% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.9M, and assets of $2.0M (revenue +10.1% year-over-year).
- 2011: Revenue of $5.1M, expenses of $4.2M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Happy Davis Foundation:
Data Sources and Methodology
This transparency report for Happy Davis 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.