Damascus Road Inc

Analysis

Damascus Road Inc is a registered charity in United States, based in Paris, 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 June 2024, Damascus Road Inc reported income of $367k and spending of $402k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $321k to $367k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Damascus Road Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Brattleboro Center for Children Inc ($367k), Sahc Development Corp ($367k) and Rhode Island Donation Exchange Program ($367k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 4.7% of the total. Other salaries and wages came to $170k. At year end it held assets of $193k against liabilities of $290, net assets of $193k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.