Damon Thompson Ministries

Analysis

Damon Thompson Ministries is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in April 2014, 12 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, Damon Thompson Ministries reported income of $1.9m and spending of $1.3m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Damon Thompson Ministries sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Merkaz Hatorah Community Kollel Inc ($1.9m), Path Ministries International ($1.9m) and Expeditions Unlimited Ltd ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $328k (24% of expenses). Other salaries and wages came to $198k. At year end it held assets of $5.0m against liabilities of $40k, net assets of $4.9m. It reported 10 employees.