Dominion Financial Management Inc

Analysis

Dominion Financial Management Inc is a registered charity in United States, based in Smyrna, TN. It received its IRS tax-exemption ruling in July 1999, 27 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 2023, Dominion Financial Management Inc reported income of $277k and spending of $217k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $277k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dominion Financial Management Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Fuller Life Institute ($277k), Faith for Culture ($277k) and Hopes Chariot Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $68k (32% of expenses). Other salaries and wages came to $79k. At year end it held assets of $67k against liabilities of $2,420, net assets of $65k. It reported 5 employees.