The D Truitt and Lorna Davis Foundation is a 501(c)(3) organization based in Houston, Texas, registered in 2003, with $141,304 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$141K
▲ 31.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$120K
Net assets
$3.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The D Truitt and Lorna Davis Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The D Truitt and Lorna Davis Foundation: 371 mo reserves · +15% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The D Truitt and Lorna Davis Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The D Truitt and Lorna Davis Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $151K (FY2013) to $141K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
15.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.7M
Total liabilities
$0
Net assets
$3.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $141,304▲31.2% | $120,105▲16.5% | $3,709,990▲0.5% | $3,709,990▲0.5% | 990 |
| 2023 | $107,738▼68.8% | $103,078▼36.1% | $3,689,929▲0.1% | $3,689,929▲0.1% | 990 |
| 2022 | $345,618▲171% | $161,296▲929% | $3,687,274▲5.3% | $3,687,274▲5.3% | 990 |
| 2021 | $127,463▲206% | $15,680▼73.1% | $3,500,921▲3.5% | $3,500,921▲3.5% | 990 |
| 2020 | -$120,160▼164% | $58,212▲302% | $3,382,453▼5.0% | $3,382,453▼5.0% | 990 |
| 2019 | $188,651▲83.6% | $14,489▼90.7% | $3,559,758▲5.1% | $3,559,758▲5.1% | 990 |
| 2018 | $102,762▼23.5% | $155,953▲24.2% | $3,386,645▼1.6% | $3,386,645▼1.6% | 990 |
| 2017 | $134,286▲19.2% | $125,547▲72.3% | $3,441,790▼4.6% | $3,441,790▼4.6% | 990 |
| 2016 | $112,664▼42.5% | $72,885▼59.4% | $3,607,246▲1.1% | $3,607,246▲1.1% | 990 |
| 2015 | $196,015▼24.8% | $179,559▲30.3% | $3,567,467▲0.5% | $3,567,467▲0.5% | 990 |
| 2014 | $260,571▲72.6% | $137,793▲0.5% | $3,551,011▲3.6% | $3,551,011▲3.5% | 990 |
| 2013 | $150,950 | $137,167▲4.5% | $3,428,233▲0.4% | $3,431,338▲0.3% | 990 |
| 2012 | — | $131,217▼26.9% | $3,414,450▼5.8% | $3,420,433▼5.7% | 990 |
| 2011 | — | $179,551▲8.0% | $3,626,130▼1.4% | $3,626,538▼1.4% | 990 |
| 2010 | — | $166,246 | $3,677,789 | $3,678,197 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for The D Truitt and Lorna Davis Foundation (EIN 30-0176266) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.