Durhamcares Inc

Analysis

Durhamcares Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2009, 17 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 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 December 2023, Durhamcares Inc reported income of $998k and spending of $404k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $312k to $998k (+220%), an average of +220% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Durhamcares Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Lycoming County United Way Inc ($997k), Senior Homes Foundation of Eastern Washington ($998k) and Wollaston Lutheran Foundation Inc ($996k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $28k (6.9% of expenses). Other salaries and wages came to $28k. At year end it held assets of $727k against liabilities of -$924, net assets of $728k. It reported 2 employees.