Durham Asset Management Company Incorporated

Analysis

Durham Asset Management Company Incorporated is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durham Asset Management Company Incorporated reported income of $7.7m and spending of $8.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $7.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Durham Asset Management Company Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include University Community Health Services Inc ($7.7m), Ballad Health Foundation ($7.7m) and Northern Maine General ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $6.1m against liabilities of $6.3m, net assets of -$272k.