Dima II Inc

Analysis

Dima II Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Dima II Inc reported income of $78k and spending of $98k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $67k to $78k (+16%), an average of +2.9% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dima II 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 On Deck Housing Inc ($78k), Echols Place II Corporation ($78k) and Hudson Housing Corporation ($78k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 50% of the total. Other salaries and wages came to $11k. At year end it held assets of $323k against liabilities of $838k, net assets of -$516k.

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.