Dharma Voyage Inc

Analysis

Dharma Voyage Inc is a registered charity in United States, based in Westport, MA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Dharma Voyage Inc reported income of $495k and spending of $175k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $495k (+248%), an average of +248% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dharma Voyage Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Lincoln Council of the Society Ofst Vincent Depaul ($495k), East Boston Community Soup Kitchen Inc ($495k) and Central Outreach Resource and Referral Center ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $66k (38% of expenses). At year end it held assets of $404k against liabilities of $9,214, net assets of $395k. It reported 2 employees.