Dymonds Quality Care Inc

Analysis

Dymonds Quality Care Inc is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Dymonds Quality Care Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.3m to $2.1m (-6.7%), an average of -6.7% a year. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dymonds Quality Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Chatham County Group Homes Inc ($2.1m), A Breeze of Hope Foundation ($2.1m) and Center for Plant Science and Health ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $208k (9.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $0 against liabilities of $0, net assets of $0.