Durham Library Foundation

Analysis

Durham Library Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 2001, 25 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 Library Foundation reported income of $392k and spending of $321k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $841k to $392k (-53%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Library Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Georgia Council of Teachers of Mathematics Inc ($392k), C I M Patrons ($392k) and McDonald Elementary PTA ($392k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). At year end it held assets of $5.3m against liabilities of $4,654, net assets of $5.3m. It reported 1 employees.