Frank Damazio Ministries

Analysis

Frank Damazio Ministries is a registered charity in United States, based in Happy Valley, OR. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Frank Damazio Ministries reported income of $185k and spending of $95k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $185k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Frank Damazio Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OR. Charities of a similar size with the same main cause include Relevant Practical Ministry for Men ($185k), Mission Foundation Inc ($185k) and Rick Curry Ministries ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.