Durham Teacher Warehousecorporation

Analysis

Durham Teacher Warehousecorporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durham Teacher Warehousecorporation reported income of $210k and spending of $289k, spending 138% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $105k to $210k (+101%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Teacher Warehousecorporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Peace Academic Center Inc ($210k), Albert Gallatin Planning & Development Corp ($210k) and Corpus Christi Tennis Association ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (15% of expenses). Other salaries and wages came to $9,167. At year end it held assets of $57k against liabilities of $0, net assets of $57k. It reported 1 employees.