Doma Development Corp

Analysis

Doma Development Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Doma Development Corp reported income of $371k and spending of $106k, leaving 71% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $17.7m to $371k (-98%), an average of -54% a year. The sharpest change came in the year to December 2022, when income rose by 609%. Over the whole period it spent 4.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Doma Development Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Kutturan Chamoru Foundation ($371k), Bismarck-Mandan Orchestral Assn ($371k) and Shine on Performing Arts ($371k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $31.4m against liabilities of $2,460, net assets of $31.4m.