Durand Inc
Durand Inc: Strong Financials, Consistent Growth, and Program Focus
EIN: 222460736 · Mount Laurel, NJ · NTEE: B28Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $20.4M |
| Total Expenses | $17.4M |
| Program Spending | 85% |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Durand Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Durand Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Durand Inc
Durand Inc (EIN: 222460736) is a nonprofit organization based in Mount Laurel, NJ, classified under NTEE code B28Z. The organization reported total revenue of $20.4M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Durand Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Durand Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $17.4M |
| Surplus / Deficit | +$624K |
| Total Assets | $10.6M |
| Total Liabilities | $2.8M |
| Net Assets | $7.8M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Durand Inc reported a surplus of $624K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +12.2% | +23.5% |
| 2022 | +2.8% | +4.9% | -3.5% |
| 2021 | -1.8% | -7.4% | +27.8% |
| 2020 | +4.6% | +8.2% | +72.5% |
| 2019 | +19.2% | +11.0% | +29.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Durand Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Durand Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $624K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Durand Inc:
- Consistent revenue growth over the past several years, from $9.6M in 2016 to $20.3M in 2023.
- Strong asset growth, increasing from $2.7M in 2016 to $10.8M in 2023, indicating financial stability.
- High percentage of expenses dedicated to programs, demonstrating a commitment to its mission.
- Healthy financial position with positive net assets and manageable liabilities.
Frequently Asked Questions about Durand Inc
Is Durand Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Durand Inc (EIN: 222460736) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Durand Inc spend its money?
Durand Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Durand Inc tax-deductible?
Durand Inc is registered as a tax-exempt nonprofit (EIN: 222460736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Durand Inc's spending goes to programs?
Durand Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Durand Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Durand Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Durand Inc located?
Durand Inc is headquartered in Mount Laurel, New Jersey and files with the IRS under EIN 222460736. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Durand Inc have?
Durand Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.4M in total revenue.
What does Durand Inc do?
Durand Inc is a nonprofit organization in the Education sector, located in Mount Laurel, New Jersey. It is classified under NTEE code B28Z.
How much revenue does Durand Inc have?
Durand Inc reported total revenue of $20,372,288. Based on 13 IRS 990 filings on record.
What are Durand Inc's total assets?
Durand Inc holds total assets of $10,818,875 as reported in IRS 990 filings.
Where is Durand Inc located?
Durand Inc is based in Mount Laurel, New Jersey.
What is Durand Inc's EIN?
Durand Inc's Employer Identification Number (EIN) is 222460736. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Durand Inc?
Durand Inc is classified under NTEE code B28Z (Education).
Is Durand Inc a registered 501(c)(3)?
Yes, Durand Inc is recognized as a tax-exempt organization by the IRS. EIN: 222460736.
Does Durand Inc file IRS Form 990?
Yes, Durand Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Durand Inc's revenue in 2023?
In the 202306 filing period, Durand Inc reported total revenue of $18,034,681, total expenses of $17,410,662, and net assets of $10,589,809.
Is Durand Inc's revenue growing or declining?
Durand Inc's revenue is growing. Revenue went from $16,850,812 (202206) to $18,034,681 (202306), a +7.0% change. Based on 13 filings on record.
What is Durand Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Durand Inc covers tax period 202306. It shows revenue of $18,034,681, expenses of $17,410,662, total assets of $10,589,809, and liabilities of $2,816,541.
How much does Durand Inc spend on programs vs administration?
Based on IRS 990 analysis, Durand Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Durand Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Durand Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Durand Inc's strengths?
Positive indicators for Durand Inc include: Consistent revenue growth over the past several years, from $9.6M in 2016 to $20.3M in 2023.. Strong asset growth, increasing from $2.7M in 2016 to $10.8M in 2023, indicating financial stability.. High percentage of expenses dedicated to programs, demonstrating a commitment to its mission.. Healthy financial position with positive net assets and manageable liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Durand Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Durand Inc. managed to achieve such consistent revenue growth over the past seven years, nearly doubling its revenue?
Durand Inc. has demonstrated a remarkable ability to scale its operations and funding, with revenue increasing from $9,647,573 in 2016 to $20,372,288 in 2023. This sustained growth suggests effective fundraising strategies, successful program expansion, or increased demand for its services.
What is the trend in Durand Inc.'s net assets, and what does it imply about its financial health?
Durand Inc.'s net assets have shown a consistent upward trend, growing from $1,912,509 (Assets $2,714,383 - Liabilities $801,874) in 2016 to $7,992,334 (Assets $10,818,875 - Liabilities $2,826,541) in 2023. This significant increase indicates strong financial health, the ability to retain earnings, and a growing capacity to fulfill its mission.
Filing History
IRS 990 filing history for Durand Inc showing financial trends over 13 years of public records:
Total assets increased by 1668.2% over the same period, from $599K to $10.6M. In its most recent filing year (2023), Durand Inc reported a surplus of $624K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $10.6M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.0M | $17.4M | $10.6M | $2.8M | — | View 990 |
| 2022 | $16.9M | $15.5M | $8.6M | $1.4M | — | View 990 |
| 2021 | $16.4M | $14.8M | $8.9M | $3.0M | — | View 990 |
| 2020 | $16.7M | $16.0M | $7.0M | $2.9M | — | View 990 |
| 2019 | $15.9M | $14.8M | $4.0M | $665K | — | View 990 |
| 2018 | $13.4M | $13.3M | $3.1M | $927K | — | View 990 |
| 2017 | $11.4M | $11.2M | $2.8M | $665K | — | View 990 |
| 2016 | $9.6M | $9.7M | $2.7M | $802K | — | View 990 |
| 2015 | $9.4M | $9.5M | $2.6M | $2.0M | — | View 990 |
| 2014 | $8.6M | $8.6M | $2.4M | $1.7M | — | View 990 |
| 2013 | $7.8M | $7.8M | $2.6M | $2.0M | — | View 990 |
| 2012 | $7.5M | $7.3M | $2.3M | $1.7M | — | View 990 |
| 2011 | $0 | $0 | $599K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.0M, expenses of $17.4M, and assets of $10.6M (revenue +7.0% year-over-year).
- 2022: Revenue of $16.9M, expenses of $15.5M, and assets of $8.6M (revenue +2.8% year-over-year).
- 2021: Revenue of $16.4M, expenses of $14.8M, and assets of $8.9M (revenue -1.8% year-over-year).
- 2020: Revenue of $16.7M, expenses of $16.0M, and assets of $7.0M (revenue +4.6% year-over-year).
- 2019: Revenue of $15.9M, expenses of $14.8M, and assets of $4.0M (revenue +19.2% year-over-year).
- 2018: Revenue of $13.4M, expenses of $13.3M, and assets of $3.1M (revenue +17.5% year-over-year).
- 2017: Revenue of $11.4M, expenses of $11.2M, and assets of $2.8M (revenue +18.0% year-over-year).
- 2016: Revenue of $9.6M, expenses of $9.7M, and assets of $2.7M (revenue +2.7% year-over-year).
- 2015: Revenue of $9.4M, expenses of $9.5M, and assets of $2.6M (revenue +8.7% year-over-year).
- 2014: Revenue of $8.6M, expenses of $8.6M, and assets of $2.4M (revenue +10.4% year-over-year).
- 2013: Revenue of $7.8M, expenses of $7.8M, and assets of $2.6M (revenue +4.1% year-over-year).
- 2012: Revenue of $7.5M, expenses of $7.3M, and assets of $2.3M.
- 2011: Revenue of $0, expenses of $0, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Durand Inc:
Data Sources and Methodology
This transparency report for Durand Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.