Duke University Philanthropies Inc

Analysis

Duke University Philanthropies Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Duke University Philanthropies Inc reported income of $596k and spending of $349k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $520k to $596k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 316%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Duke University Philanthropies Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Millersport Lions Sweet Corn Festival ($596k), Indigo Support Corporation ($597k) and United Way of Rockland County ($596k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $9.7m against liabilities of $0, net assets of $9.7m.