Dismas Inc

Analysis

Dismas Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Dismas Inc reported income of $3.2m and spending of $3.5m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $3.2m (+103%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 120%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dismas Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include West Haven Child Development Center Inc Grants Office City Hall ($3.2m), Arc Services of Macomb Inc ($3.2m) and Gildas Club Kentuckiana ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $144k (4.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.3m against liabilities of $5.5m, net assets of $4.8m. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.