Duet Foundation

Analysis

Duet Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Duet Foundation reported income of $65k and spending of $62k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $276k to $65k (-76%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Duet Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Spearfish Youth Baseball Assoc Inc ($65k), Las Cruces Rio Grande Rotary Foundation ($65k) and Family Outreach Community Center ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.