Overview
What is Damon Thompson Ministries Inc?
Damon Thompson Ministries Inc, located in Mobile, Alabama (with a PO Box address), is a nonprofit organization with a mission to promote the kingdom of God and spread the gospel. They accomplish this mission through preaching, teaching, and evangelizing at ministry events held not just in South Carolina but also in various other states. The organization, with a team of 11 individuals, is dedicated to this purpose and strives to make a positive impact in these communities.
Official website here: www.damonthompsonministries.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Damon Thompson Ministries Inc has received a Two-Star rating from Charity Navigator, reflecting concerns in accountability and financial transparency. The organization scored particularly poorly on governance aspects, with no independent board members and missing key policies such as conflict of interest and whistleblower protections. However, it has demonstrated a solid financial structure, maintaining a low liabilities to assets ratio and a high program expense ratio.
Despite its strengths in financial management, the lack of independent oversight and missing financial statements are significant limitations that may raise questions about its governance practices. The organization has shown operational efficiency, with a working capital ratio indicating stability, but the absence of essential policies could deter potential donors and supporters who prioritize accountability.
Overall, while Damon Thompson Ministries Inc has effective program spending and a sound financial foundation, the issues noted in governance and transparency highlight areas for improvement that could enhance its credibility and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Damon Thompson Ministries Inc legitimate?
Damon Thompson Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Damon Thompson Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,417
For more financial information, click here
Official website here: www.damonthompsonministries.net
What is the mission statement of Damon Thompson Ministries Inc?
Damon Thompson Ministries Inc's mission is centered around advancing the kingdom of God and spreading the gospel. This is achieved through various means such as preaching, teaching, and evangelizing. The organization is committed to spreading the word of God, fostering spiritual growth, and fostering a deeper connection with divinity. They carry out their mission by conducting ministry events in various states, providing a platform for spiritual enlightenment and fellowship.
Official website here: www.damonthompsonministries.net
Who is the CEO of Damon Thompson Ministries Inc?
Damon Thompson is the President of Damon Thompson Ministries Inc.
Official website here: www.damonthompsonministries.net
What is the revenue of Damon Thompson Ministries Inc?
Damon Thompson Ministries Inc's revenue in 2022 was $2,103,492.
Official website here: www.damonthompsonministries.net
Who are the executives of Damon Thompson Ministries Inc and what are their salaries?
The average compensation at Damon Thompson Ministries Inc during 2022 was $21,311. There are 11 employees at Damon Thompson Ministries Inc.
Here are 4 key members and their salaries:
- Compensation: $131,760
- Related: $0
- Other: $60,000
- Compensation: $91,967
- Related: $0
- Other: $0
- Compensation: $36,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.damonthompsonministries.net
Where can I find the form 990 for Damon Thompson Ministries Inc?
Damon Thompson Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.damonthompsonministries.net
Learn more at the official website: www.damonthompsonministries.net
Mission Statement of Damon Thompson Ministries Inc
Damon Thompson Ministries Inc is committed to advancing the kingdom of God and spreading the gospel. They accomplish this mission through various means, primarily focusing on preaching, teaching, and evangelizing. This nonprofit organization believes in spreading the word of God and promoting His kingdom in a manner that resonates with people, inspiring them to follow a spiritual path. By holding ministry events in various states, Damon Thompson Ministries Inc reaches out to a wide audience, spreading the gospel and promoting spiritual growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Damon Thompson Ministries Inc impacts individuals and communities by advancing the kingdom of God and spreading the gospel through preaching, teaching, and evangelizing. Their ministry events held in South Carolina and various other states provide opportunities for people to encounter the message of hope and salvation. Through their dedication to sharing the teachings of Christianity, they are able to reach and inspire countless individuals to strengthen their faith and spiritual connection.
This information is meant to be a general summary of Damon Thompson Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $488,445
- Gross Receipts: $2,713,590
Assets and Liabilities:
- Total Assets: $4,311,342
- Total Liabilities: $39,364
- Net Assets: $4,271,978
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(803) 332-3010Principal Officer
Damon Thompson
Main Address
PO BOX 190037, MOBILE, AL, 36619
NTEE Category
Code: X20 - Religion related
If you are a representative of Damon Thompson Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.