Quick charity verification for Damascus Inc (EIN: 208398029)
Verdict: Damascus Inc appears trustworthy
88/100Mission Score
$11.1MRevenue
$27.3MAssets
1Red Flags
5Strengths
Red Flags
Zero reported officer compensation for an organization of this size, which is highly unusual and may obscure how leadership is compensated.
Strengths
Consistent and significant revenue growth over the past decade, from $527,149 in 2014 to over $11 million currently.
Strong asset accumulation, growing from $225,425 in 2014 to over $27 million currently, indicating robust financial health.
Consistent positive net income, with revenues exceeding expenses in most reported periods, such as $9,623,656 revenue vs $9,296,695 expenses in 202308.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Manageable liabilities relative to assets, suggesting good financial management.
Spending Breakdown
How Damascus Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Damascus Inc
Is Damascus Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Damascus Inc (EIN: 208398029) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Damascus Inc a good charity to donate to?
Damascus Inc has a Mission Score of 88/100. Revenue: $11.1M. Assets: $27.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Damascus Inc?
The Employer Identification Number (EIN) for Damascus Inc is 208398029. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Damascus Inc spend its money?
Damascus Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Damascus Inc's tax-exempt status?
You can verify Damascus Inc's tax-exempt status using EIN 208398029 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Damascus Inc demonstrates strong financial health and growth over the past decade. The organization has consistently reported positive net income, with assets growing significantly from $225,425 in 2014 to $27,291,893 currently. In the latest filing period (202308), revenue was $9,623,656 against expenses of $9,296,695, indicating a healthy operating surplus. The organization's liabilities have remained manageable relative to its asset base, suggesting good financial stewardship.
Regarding spending efficiency, the provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent growth in assets and revenue, coupled with a positive operating margin, suggests effective management of resources. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive compensation model, which can contribute to higher program spending efficiency.
Transparency appears to be high given the consistent filing of IRS Form 990s over 13 periods. The lack of reported officer compensation, while potentially efficient, could also warrant further inquiry into how leadership is compensated or structured, as it's unusual for an organization of this size to report zero officer compensation. Overall, Damascus Inc exhibits robust financial growth and responsible asset management.