Damascus Inc

Analysis

Damascus Inc is a registered charity in United States, based in Dyersburg, TN. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Damascus Inc reported income of $504k and spending of $143k, leaving 72% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $142k to $504k (+256%), an average of +53% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 26% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Damascus Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Future of Freedom Foundation Inc ($504k), Justice Through Music Project Inc ($504k) and Indian Legal Assistance Program ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.2m against liabilities of $2,995, net assets of $1.2m.