Durham Nativity School Inc

Analysis

Durham Nativity School Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Durham Nativity School Inc reported income of $6.2m and spending of $1.9m, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $6.2m (+346%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 268%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Nativity School Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Imagine Educational Foundation ($6.2m), Frameworks Institute ($6.2m) and Coca-Cola Scholars Foundation Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $145k (7.5% of expenses). Other salaries and wages came to $806k. At year end it held assets of $11.7m against liabilities of $1.8m, net assets of $9.8m. It reported 20 employees.