Durango Education Center

Analysis

Durango Education Center is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Durango Education Center reported income of $899k and spending of $877k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $902k to $899k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Durango Education Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Michigan Library Association ($899k), Brooksville Engineering Science & Technology Inc ($899k) and Resilient Communities Resilient Futures Inc ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $68k (7.8% of expenses). Other salaries and wages came to $397k. At year end it held assets of $1.9m against liabilities of $7,421, net assets of $1.8m. It reported 25 employees.