Duke School

Analysis

Duke School is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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, Duke School reported income of $14.9m and spending of $13.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $14.9m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Duke School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Community Hospice Inc ($14.9m), Ronald McDonald House Charities of St Louis ($14.9m) and Klingberg Comprehensive Program Services Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $267k (2.0% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $24.2m against liabilities of $4.6m, net assets of $19.6m. It reported 199 employees.