Dumac Inc

Analysis

Dumac Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Dumac Inc reported income of $29.4m and spending of $29.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.5m to $29.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dumac Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Early Learning Coalition of Floridas Heartland Inc ($29.4m), The Bay School of San Francisco ($29.4m) and Idyllwild Arts Foundation ($29.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7.0m (24% of expenses). At year end it held assets of $28.6m against liabilities of $21.7m, net assets of $6.8m.