Durango Early Learning Center Inc

Analysis

Durango Early Learning Center Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in September 1982, 44 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 August 2023, Durango Early Learning Center Inc reported income of $618k and spending of $590k, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $422k to $618k (+47%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Durango Early Learning Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Community Friends Educational Corp ($618k), Hope for Families and Children Foundation Inc ($619k) and National College of Midwifery Inc ($618k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Other salaries and wages came to $439k. At year end it held assets of $988k against liabilities of $23k, net assets of $965k. It reported 15 employees.