Dimes From the Heart Inc

Analysis

Dimes From the Heart Inc is a registered charity in United States, based in Etna, OH. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 July 2023, Dimes From the Heart Inc reported income of $50k and spending of $116k, spending 232% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $445k to $50k (-89%), an average of -42% a year. The sharpest change came in the year to July 2021, when income dropped by 57%. Over the whole period it spent 109% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Dimes From the Heart Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Ben Carlson Memorial & Scholarship Foundation ($50k), Vermontville Fire Department Members Association ($50k) and Magic Valley Public Safety Grant Commission ($50k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $402k against liabilities of $0, net assets of $402k.