Damascus Home of Redwater Inc

Analysis

Damascus Home of Redwater Inc is a registered charity in United States, based in Maud, TX. It received its IRS tax-exemption ruling in May 2002, 24 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, Damascus Home of Redwater Inc reported income of $331k and spending of $293k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $331k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Damascus Home of Redwater Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Saint Mark Community Outreach Center ($331k), Northern Ri Food Pantry Inc ($331k) and Eckstein Workshop and Activities Incorporated ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $117k. At year end it held assets of $206k against liabilities of $75k, net assets of $131k. It reported 10 employees.