Damascus House Inc

Analysis

Damascus House Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2024, Damascus House Inc reported income of $2.3m and spending of $1.1m, leaving 51% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $721k to $2.3m (+225%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Damascus House Inc 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 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include National Council on Problem Gambling Inc ($2.3m), Una Chapman Cox Foundation ($2.3m) and The James Davis Early Childhood Learning Center ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $98k (8.6% of expenses). Other salaries and wages came to $644k. At year end it held assets of $3.9m against liabilities of $21k, net assets of $3.9m. It reported 19 employees.