Damien Center Inc

Analysis

Damien Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Damien Center Inc reported income of $20.2m and spending of $17.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $20.2m (+305%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Damien Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Valley Oak Childrens Services Inc ($20.1m), Family First Inc ($20.2m) and Virginia Peninsula Foodbank ($20.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $313k (1.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $29.2m against liabilities of $4.5m, net assets of $24.7m. It reported 192 employees.