Durham Dreams Youth Mentorship Foundation

Analysis

Durham Dreams Youth Mentorship Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1993, 33 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 2024, Durham Dreams Youth Mentorship Foundation reported income of $765k and spending of $886k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $594k to $765k (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 404%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Durham Dreams Youth Mentorship Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Dallas Emergency Food Corporation ($765k), Young Mens Christian Association ($766k) and Bethlehem Farm Inc ($765k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (3.0% of expenses). Other salaries and wages came to $525k. It paid $5,460 in professional fundraising fees. At year end it held assets of $87k against liabilities of $247k, net assets of -$159k. It reported 68 employees.