Durant Family Charitable Foundation

Analysis

Durant Family Charitable Foundation is a registered charity in United States, based in Suitland, MD. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2020, Durant Family Charitable Foundation reported income of $3.9m and spending of $4.0m, spending 102% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $1.7m to $3.9m (+128%), an average of +128% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 124% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Durant Family Charitable Foundation 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 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Boys & Girls Club of Bartlesville ($3.9m), Girl Scouts of Northeastern New York Inc ($3.9m) and Stepping Stones International ($3.9m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $52k (1.3% of expenses). At year end it held assets of $44k against liabilities of $51k, net assets of -$6,927.