Dima III Inc

Analysis

Dima III Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1993, 33 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 III Inc reported income of $60k and spending of $81k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $68k to $60k (-11%), an average of -2.4% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dima III Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within DE. Charities of a similar size with the same main cause include Jewish Association for Special Need II Inc ($60k), Forest Park Project Inc ($60k) and Kenwood Properties Inc Central Wisconsin Community ($60k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 59% of the total. Other salaries and wages came to $11k. At year end it held assets of $412k against liabilities of $823k, net assets of -$411k.

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.