D M Ministries Community Development Corporation

Analysis

D M Ministries Community Development Corporation is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in July 2007, 19 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 December 2022, D M Ministries Community Development Corporation reported income of $2.9m and spending of $2.9m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $2.9m (+113%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, D M Ministries Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Memorial Community Development Corporation ($2.9m), Dream Center Bismarck ($2.9m) and The Gospel Mission ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $172k (5.9% of expenses). Other salaries and wages came to $5,359. At year end it held assets of $419k against liabilities of $447k, net assets of -$28k. It reported 3 employees.