Dominion Educational Ministries Inc

Analysis

Dominion Educational Ministries Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dominion Educational Ministries Inc reported income of $3.1m and spending of $2.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.1m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dominion Educational Ministries 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 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Brighton Allston Elderly Homes Inc ($3.1m), Community Action Agency for McHenry County ($3.1m) and Benson Area Medical Center Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $266k (10% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.3m against liabilities of $2.4m, net assets of $2.0m.