Durand Inc

Analysis

Durand Inc is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durand Inc reported income of $18.0m and spending of $17.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.9m to $18.0m (+13%), an average of +3.1% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durand Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Voyager Academy Inc ($18.0m), Fountain Valley School of Colorado ($18.1m) and School in the Square Public Charter School ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $409k (2.3% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $10.6m against liabilities of $2.8m, net assets of $7.8m. It reported 490 employees.