The Durham Museum Foundation

Analysis

The Durham Museum Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Durham Museum Foundation reported income of $651k and spending of $1.6m, spending 248% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $651k (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Durham Museum Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include Ipa Foundation ($651k), Vermont Association of Area Agencies on Aging Inc ($651k) and University Hospital Foundation ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $16.2m against liabilities of $14k, net assets of $16.2m.