DM Multiplied Inc

Analysis

DM Multiplied Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, DM Multiplied Inc reported income of $817k and spending of $675k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $817k (+118%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, DM Multiplied Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Vaad Hakashrus of Miami-Dade Inc ($816k), Global Developers Network Inc ($817k) and Soul Survivor Outdoor ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $86k (13% of expenses). Other salaries and wages came to $103k. At year end it held assets of $947k against liabilities of $2,209, net assets of $945k. It reported 9 employees.