Fund Established by Will of Nanaline H Duke for Duke Universit

Analysis

Fund Established by Will of Nanaline H Duke for Duke Universit is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, Fund Established by Will of Nanaline H Duke for Duke Universit reported income of $1.8m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+8.2%), an average of +2.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fund Established by Will of Nanaline H Duke for Duke Universit sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Open Door Animal Sanctuary ($1.8m), Victorious Christian Harvesters Inc ($1.8m) and Friends Program Inc ($1.8m).

Compensation of current officers, directors and key employees was $64k (3.5% of expenses). At year end it held assets of $48.8m against liabilities of $64k, net assets of $48.8m.