Durham Merchants Association Charitable Foundation Inc

Organization Overview

Durham Merchants Association Charitable Foundation Inc is located in Durham, NC. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Merchants Association Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Durham Merchants Association Charitable Foundation Inc generated $468.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $273.4k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Durham Merchants Association Charitable Foundation Inc has awarded 81 individual grants totaling $658,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $48,175
Net Rental Income$0
Net Gain on Sale of Assets $416,936
Capital Gain Net Income $416,936
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $3,780
Total Revenue $468,891

Grants Awarded

Over the last fiscal year, Durham Merchants Association Charitable Foundation Inc has awarded $207,100 in support to 29 organizations.

Grant RecipientAmount

LINCOLN COMMUNITY HEALTH CENTER

Org PageRecipient Profile

Durham, NC

PURPOSE: GENERAL SUPPORT

$15,000

THRESHOLD CLUBHOUSE

PURPOSE: GENERAL SUPPORT

$14,600

DURHAM COUNTY TEEN COURT & RESTITUTION

PURPOSE: GENERAL SUPPORT

$12,000

SENIOR PHARMASSIST

Org PageRecipient Profile

Durham, NC

PURPOSE: GENERAL SUPPORT

$12,000

Durham, NC

PURPOSE: GENERAL SUPPORT

$11,200

Durham, NC

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Peer Organizations

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