Damiano of Duluth Inc

Analysis

Damiano of Duluth Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2023, Damiano of Duluth Inc reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.1m (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Damiano of Duluth Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Families First Parenting Programs Inc ($2.1m), Codman Community Farms Inc ($2.1m) and The C a R E Center ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $76k (4.1% of expenses). Other salaries and wages came to $499k. At year end it held assets of $3.9m against liabilities of $53k, net assets of $3.8m. It reported 31 employees.