Durango Schools of Choice Inc

Analysis

Durango Schools of Choice Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in October 2016, 10 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, Durango Schools of Choice Inc reported income of $1.8m and spending of $2.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durango Schools of Choice 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 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Cobell Board of Trustees ($1.8m), The Digital Distributed Community Archive ($1.8m) and Charles T Chuck Mathena II Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $90k (4.2% of expenses). Other salaries and wages came to $826k. At year end it held assets of $325k against liabilities of $86k, net assets of $239k. It reported 27 employees.