Durham Arts Council Inc

Analysis

Durham Arts Council Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1957, 69 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Durham Arts Council Inc reported income of $2.6m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Durham Arts Council Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Palacios Marine Agricultural Research Inc ($2.6m), Microscopy Society of America ($2.6m) and Owsley Brown Frazier Historical Arms Museum Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $136k (5.5% of expenses). Other salaries and wages came to $469k. At year end it held assets of $936k against liabilities of $271k, net assets of $665k. It reported 17 employees.