Dima X Inc

Analysis

Dima X Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Dima X Inc reported income of $77k and spending of $81k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $51k to $77k (+51%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dima X Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within DE. Charities of a similar size with the same main cause include Plattsburgh Community Housing Inc ($77k), Hughes Training and Development ($77k) and Ocean Housing Development III Inc ($77k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $8,499. At year end it held assets of $565k against liabilities of $883k, net assets of -$318k.

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.