Durham Technical Community College Foundation Inc

Analysis

Durham Technical Community College Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durham Technical Community College Foundation Inc reported income of $6.7m and spending of $1.2m, leaving 82% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $6.7m (+209%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 208%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Technical Community College Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Math and Science Academy ($6.7m), Michigan Association for the Education of Young Children ($6.7m) and Edison School of the Arts Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $14.4m against liabilities of $14k, net assets of $14.4m.