Domel Inc

Analysis

Domel Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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 September 2023, Domel Inc reported income of $7.8m and spending of $7.2m, spending 91% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $5.4m to $7.8m (+46%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Domel Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Papa Ola Lokahi ($7.8m), Local 126 Ibew Occupational Safety Health & Educ Trust Fund ($7.8m) and Tax Foundation ($7.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $3.8m against liabilities of $282k, net assets of $3.5m. It reported 127 employees.