Hba of Durham Orange & Chatham Counties Foundation Inc

Analysis

Hba of Durham Orange & Chatham Counties Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hba of Durham Orange & Chatham Counties Foundation Inc reported income of $273k and spending of $125k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $273k (+161%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hba of Durham Orange & Chatham Counties Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Farrell Boy Foundation Inc ($273k), Ransom County Fair Association ($273k) and Sendmemissions Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $305k against liabilities of $42k, net assets of $263k.