Dominican Republic Education and Mentoring Project Inc

Analysis

Dominican Republic Education and Mentoring Project Inc is a registered charity in United States, based in Milton, VT. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dominican Republic Education and Mentoring Project Inc reported income of $1.9m and spending of $2.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.9m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Dominican Republic Education and Mentoring Project Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within VT. Charities of a similar size with the same main cause include Proem Support Ministries Inc ($1.9m), Girl Determined ($1.9m) and Morning Star Development ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $82k (3.9% of expenses). Other salaries and wages came to $700k. At year end it held assets of $4.0m against liabilities of $180k, net assets of $3.8m. It reported 4 employees.