Durham Art Guild Inc

Analysis

Durham Art Guild Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 1952, 74 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durham Art Guild Inc reported income of $130k and spending of $139k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $97k to $130k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 109% 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 Art Guild Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Tallahassee Youth Orchestras Inc ($130k), American Society for Matrix Biology ($130k) and The Sherman Museum ($130k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 48% of the total. At year end it held assets of $46k against liabilities of $12k, net assets of $34k.