DBM Restoration Ministries

Analysis

DBM Restoration Ministries is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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, DBM Restoration Ministries reported income of $392k and spending of $456k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $392k (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, DBM Restoration Ministries sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include Port Washington Parent Resource Center ($392k), Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank BLDG ($392k) and The Lofte Association Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $74k (16% of expenses). Other salaries and wages came to $161k. At year end it held assets of $561k against liabilities of $269k, net assets of $292k. It reported 18 employees.