Durham Public Schools Foundation

Analysis

Durham Public Schools Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 2017, 9 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 Public Schools Foundation reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $2.1m (+618%), an average of +64% a year. The sharpest change came in the year to June 2020, when income rose by 524%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durham Public Schools Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Morningstar Learning Center Inc ($2.1m), Temima the Richard and Jean Katz High School for Girls Inc ($2.1m) and Umpqua Valley Christian Schools ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $126k (7.1% of expenses). Other salaries and wages came to $613k. It paid $61k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $42k, net assets of $2.7m. It reported 10 employees.