Damon House Inc
Damon House Inc: Consistent Revenue, Volatile Assets, and High Program Spending
EIN: 221918234 · New Brunswick, NJ · NTEE: F34Z · Updated: 2026-04-04
Is Damon House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Damon House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Damon House Inc
Damon House Inc (EIN: 221918234) is a nonprofit organization based in New Brunswick, NJ, classified under NTEE code F34Z. The organization reported total revenue of $3.4M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damon House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Damon House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Damon House Inc allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size and suggests either a fully volunteer-run executive team or a lack of detailed disclosure regarding compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Damon House Inc's IRS 990 filings:
- Reported 0% compensation for key employees across all filings, which is highly unusual and may indicate a lack of transparency.
- Significant fluctuations in total assets, from $736,539 in 2018 to $2,578,663 in 2020, then down to $2,017,025 in 2023, without clear explanation.
- Large swings in liabilities, peaking at $1,895,855 in 2020, which could signal financial instability or significant debt management challenges.
Strengths
The following positive indicators were identified for Damon House Inc:
- Consistent revenue generation, with total revenue of $3,398,734 in 2023, indicating stable funding sources.
- High percentage of spending allocated to programs (estimated 85%), suggesting a strong focus on mission delivery.
- Long operational history dating back to at least 2016, demonstrating sustained service to the community.
Frequently Asked Questions about Damon House Inc
Is Damon House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Damon House Inc (EIN: 221918234) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Damon House Inc spend its money?
Damon House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Damon House Inc tax-deductible?
Damon House Inc is registered as a tax-exempt nonprofit (EIN: 221918234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Damon House Inc do?
Damon House Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in New Brunswick, New Jersey. It is classified under NTEE code F34Z.
How much revenue does Damon House Inc have?
Damon House Inc reported total revenue of $3,398,734. Based on 13 IRS 990 filings on record.
What are Damon House Inc's total assets?
Damon House Inc holds total assets of $2,017,025 as reported in IRS 990 filings.
Where is Damon House Inc located?
Damon House Inc is based in New Brunswick, New Jersey.
What is Damon House Inc's EIN?
Damon House Inc's Employer Identification Number (EIN) is 221918234. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Damon House Inc?
Damon House Inc is classified under NTEE code F34Z (Mental Health & Crisis Intervention).
Is Damon House Inc a registered 501(c)(3)?
Yes, Damon House Inc is recognized as a tax-exempt organization by the IRS. EIN: 221918234.
Does Damon House Inc file IRS Form 990?
Yes, Damon House Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Damon House Inc's revenue in 2023?
In the 202306 filing period, Damon House Inc reported total revenue of $2,720,958, total expenses of $2,731,522, and net assets of $2,107,720.
Is Damon House Inc's revenue growing or declining?
Damon House Inc's revenue is growing. Revenue went from $2,504,234 (202206) to $2,720,958 (202306), a +8.7% change. Based on 13 filings on record.
What is Damon House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Damon House Inc covers tax period 202306. It shows revenue of $2,720,958, expenses of $2,731,522, total assets of $2,107,720, and liabilities of $1,129,070.
How much does Damon House Inc spend on programs vs administration?
Based on IRS 990 analysis, Damon House Inc allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Damon House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Damon House Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Damon House Inc?
The following concerns were identified: Reported 0% compensation for key employees across all filings, which is highly unusual and may indicate a lack of transparency.. Significant fluctuations in total assets, from $736,539 in 2018 to $2,578,663 in 2020, then down to $2,017,025 in 2023, without clear explanation.. Large swings in liabilities, peaking at $1,895,855 in 2020, which could signal financial instability or significant debt management challenges.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Damon House Inc's strengths?
Positive indicators for Damon House Inc include: Consistent revenue generation, with total revenue of $3,398,734 in 2023, indicating stable funding sources.. High percentage of spending allocated to programs (estimated 85%), suggesting a strong focus on mission delivery.. Long operational history dating back to at least 2016, demonstrating sustained service to the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Damon House Inc compensate executives?
Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size and suggests either a fully volunteer-run executive team or a lack of detailed disclosure regarding compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Damon House Inc?
• Damon House Inc. consistently reports 0% compensation for key employees, which may indicate a reliance on volunteers or a lack of transparency regarding executive compensation. • The organization's liabilities have shown significant fluctuation, from $111,651 in 2018 to $1,895,855 in 2020, then down to $1,129,070 in 2023, warranting further investigation into the nature of these liabilities. • Revenue has remained relatively stable over the past several years, ranging from $2,252,995 in 2017 t Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported 0% executive compensation, how does Damon House Inc. attract and retain leadership, and what is the actual cost of executive management if not reflected in compensation disclosures?
The consistent reporting of 0% executive compensation suggests either a fully volunteer-led executive team, or that executive compensation is being reported under different line items, or is being provided through non-monetary benefits not captured in the standard compensation disclosures. This warrants further inquiry into their operational model and financial reporting practices.
What factors contributed to the substantial increase in liabilities from $111,651 in 2018 to $1,895,855 in 2020, and how were these managed to reduce them to $1,129,070 by 2023?
The dramatic increase in liabilities in 2020 could be due to significant capital expenditures, new debt acquisition, or changes in accounting for program-related liabilities. The subsequent reduction suggests successful debt management or resolution of the underlying causes, but the specific nature of these liabilities and their management is not clear from the provided data.
Filing History
IRS 990 filing history for Damon House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Damon House Inc's revenue has grown by 33.6%, moving from $2.0M to $2.7M. Total assets increased by 54.7% over the same period, from $1.4M to $2.1M. Total functional expenses rose by 29.5%, from $2.1M to $2.7M. In its most recent filing year (2023), Damon House Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.1M in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $979K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.7M | $2.1M | $1.1M | — | View 990 |
| 2022 | $2.5M | $2.8M | $2.1M | $1.1M | — | View 990 |
| 2021 | $2.7M | $2.5M | $2.3M | $1.2M | — | View 990 |
| 2020 | $3.1M | $2.6M | $2.6M | $1.9M | — | View 990 |
| 2019 | $2.4M | $2.6M | $825K | $474K | — | View 990 |
| 2018 | $2.5M | $2.5M | $737K | $112K | — | View 990 |
| 2017 | $2.3M | $2.3M | $870K | $152K | — | View 990 |
| 2016 | $2.0M | $2.0M | $911K | $74K | — | View 990 |
| 2015 | $2.1M | $2.1M | $1.1M | $103K | — | View 990 |
| 2014 | $2.2M | $2.2M | $1.2M | $77K | — | View 990 |
| 2013 | $2.2M | $2.1M | $1.3M | $99K | — | View 990 |
| 2012 | $2.2M | $2.1M | $1.4M | $137K | — | View 990 |
| 2011 | $2.0M | $2.1M | $1.4M | $89K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $2.1M (revenue +8.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.8M, and assets of $2.1M (revenue -7.9% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.5M, and assets of $2.3M (revenue -11.0% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.6M, and assets of $2.6M (revenue +26.3% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.6M, and assets of $825K (revenue -3.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $737K (revenue +11.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $870K (revenue +14.0% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $911K (revenue -5.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $1.1M (revenue -4.9% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue +1.7% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.1M, and assets of $1.3M (revenue +0.1% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.1M, and assets of $1.4M (revenue +5.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.1M, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Damon House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.