Durham Areacorp Inc

Analysis

Durham Areacorp Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Areacorp Inc reported income of $60k and spending of $47k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $61k to $60k (-2.7%), an average of -2.7% a year. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Durham Areacorp Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Hearts for Russ Inc ($60k), Maddies Fight Foundation ($60k) and Sameyou Foundation ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 55% of the total. At year end it held assets of $320k against liabilities of $193k, net assets of $127k.