Tom and Susan Durant Foundation Inc

Analysis

Tom and Susan Durant Foundation Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tom and Susan Durant Foundation Inc reported income of $1.6m and spending of $1.1m, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $660k to $1.6m (+149%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tom and Susan Durant Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include National Police Defense Foundation Inc ($1.6m), Safa Trust Inc ($1.6m) and Owen County Community Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k.