Durham Literacy Center Inc

Analysis

Durham Literacy Center Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Literacy Center Inc reported income of $626k and spending of $880k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $871k to $626k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Literacy Center Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Lancaster Preschool ($626k), Gloucester Institute Inc ($627k) and Chases Place Inc ($626k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $80k (9.1% of expenses). Other salaries and wages came to $440k. At year end it held assets of $1.1m against liabilities of $50k, net assets of $1.1m. It reported 19 employees.