Education (B420) IRS Verified DX Registered 990 on File

DAVIDSON COLLEGE

EIN: 56-0529961 · DAVIDSON, NC 28036-0407 · United States · FY 2023 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 82/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The primary purpose of Davidson College is to assist students in developing humane instincts and disciplined and creative minds for lives of leadership and service. In fulfilling its purpose, Davidson has chosen to be a liberal arts college, to maintain itself as a residential community of scholars, to emphasize the teaching responsibility of all professors, and to ensure the opportunity for personal relationships between students and teachers. Further, Davidson believes it is vital that all students in every class know and study under mature and scholarly teachers who are able and eager to provide for each of them stimulation, instruction, and guidance.

Financial Overview — FY 2023

$202.4M

Total Revenue

$193.1M

Total Expenses

$1647.8M

Net Assets

2481

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 84.1%

Fundraising Efficiency N/A

Operating Reserve 102.39x

Liability-to-Asset 8.9%

Revenue Diversification 57.4%

Executive Compensation $3.0M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	84.1%	87.4%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	10.8%	10.5%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	5.1%	1.3%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	102.4 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	8.9%	27.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	57.4%	84.6%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-42.7%	-2.0%	P10P90
Expense growth Year over year expense growth	11.2%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	4.6%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$202.4M	$193.1M	$1647.8M	84.1%	2481
2022	$353.4M	$173.7M	$1647.1M	85.2%	2481
2021	$194.8M	$180.5M	N/A	—	2434

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Organization Details

EIN: 56-0529961
State: NC
City: DAVIDSON
ZIP: 28036-0407
Classification: B420
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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