Durham Center for Senior Life

Analysis

Durham Center for Senior Life is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 1954, 72 years ago. 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 Center for Senior Life reported income of $2.3m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+54%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Durham Center for Senior Life sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Leadership Memphis ($2.3m), Charles Henderson TR No 3 Uw ($2.3m) and Dallas Fort Worth Business Council Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $98k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $244k, net assets of $3.1m. It reported 61 employees.