Duke Corporate Education

Analysis

Duke Corporate Education is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Duke Corporate Education reported income of $31.5m and spending of $29.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $32.6m to $31.5m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Duke Corporate Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include The O Farrell Charter Schools ($31.5m), Neighborhood Charter School of Harlem ($31.6m) and Daisy Education Corporation ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $909k (3.1% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $33.5m against liabilities of $10.6m, net assets of $22.9m. It reported 65 employees.