Damien Ministries Inc

Analysis

Damien Ministries Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1988, 38 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 December 2023, Damien Ministries Inc reported income of $3.8m and spending of $3.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.8m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Damien Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Sandhills Community College Foundation Inc ($3.8m), The Gay Lesbian Bisexual & Transgender Community Center of Co ($3.8m) and Mental Health & Recovery Services of Jackson Hole ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $180k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $585k against liabilities of $238k, net assets of $347k. It reported 39 employees.