Durango Education Foundation

Analysis

Durango Education Foundation is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in April 1985, 41 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, Durango Education Foundation reported income of $351k and spending of $318k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $351k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durango Education Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include French-American School of Norfolk ($351k), Albert M Greenfield Home and School Association Inc ($351k) and Titusville Regional Literacy Council ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.