Durham Academy Inc
3130 Pickett Rd, Durham, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $47,555,061 | $44,677,674 | $96,656,060 |
| FY2024 | $45,313,783 | $43,727,162 | $90,664,613 |
| FY2023 | $42,593,002 | $39,825,185 | $85,609,254 |
| FY2022 | $40,893,092 | $36,185,687 | $81,044,694 |
| FY2021 | $38,768,231 | $34,739,105 | $80,625,946 |
| FY2020 | $40,988,870 | $33,983,779 | $70,629,495 |
| FY2019 | $44,370,418 | $33,132,390 | $63,589,651 |
| FY2018 | $31,294,235 | $28,855,439 | $51,588,695 |
| FY2017 | $28,857,819 | $27,723,705 | $48,025,946 |
| FY2016 | $27,640,363 | $26,135,714 | $44,932,637 |
| FY2015 | $27,632,762 | $25,188,487 | $44,307,014 |
| FY2014 | $25,525,615 | $24,082,052 | $42,110,625 |
| FY2013 | $26,152,016 | $23,194,886 | $39,446,799 |
| FY2012 | $25,144,339 | $22,043,438 | $36,473,343 |
Form 990 filings
The returns filed by Durham Academy Inc (EIN 56-0538019), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,021,085 | 8% |
| Program service revenue | $42,430,146 | 89% |
| Other revenue | $1,103,830 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $33,775,330 | 76% |
| Management & general | $9,704,037 | 22% |
| Fundraising | $1,198,307 | 3% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 76% of functional expenses, management & general 22%, and fundraising 3%.
- 76% of functional expenses went to program services in FY2025. That is higher than 32.9% of 152 Education organizations in NC.
- Net assets covered about 26 months of expenses at the end of the reporting year. That puts it in the 74th percentile among 1703 Education organizations in NC.
- Total revenue was higher than 98.2% of 1724 Education organizations in NC.
- Total revenue rose from $25,144,339 in FY2012 to $47,555,061 in FY2025. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $36,473,343 to $96,656,060 between FY2012 and FY2025.
- Contributions and grants made up 14% of revenue in FY2012 and 9% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PURPOSE OF DURHAM ACADEMY IS TO PROVIDE EACH STUDENT AN EDUCATION THAT WILL ENABLE HIM OR HER TO LIVE A MORAL, HAPPY AND PRODUCTIVE LIFE. THE DEVELOPMENT OF INTELLECT IS CENTRAL TO SUCH A LIFE AND, THUS, INTELLECTUAL ENDEAVOR AND GROWTH ARE THE PRIMARY WORK OF THE SCHOOL.
IRS status
| Ruling year | 1961 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B200 — Education (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- North Carolina Wesleyan University — Rocky Mount, NC · $48,471,791
- Ravenscroft School Inc — Raleigh, NC · $43,524,626
- Montreat College — Montreat, NC · $42,925,388
- Lees-McRae College Incorporated — Banner Elk, NC · $52,335,611
- Barton College — Wilson, NC · $52,719,590
- Brevard College Corporation — Brevard, NC · $41,569,910
- North Carolina Charter Educational Foundation Inc — Mooresville, NC · $53,667,588
- Kenan-Flagler Business School Foundation — Chapel Hill, NC · $56,551,031
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.