Dima V Inc

Analysis

Dima V Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1995, 31 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 September 2023, Dima V Inc reported income of $82k and spending of $95k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $66k to $82k (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dima V Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within DE. Charities of a similar size with the same main cause include Firehouse Place Inc ($82k), Galena Park Terrace ($82k) and Gibb Springfield Village Inc ($82k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Other salaries and wages came to $16k. At year end it held assets of $435k against liabilities of $891k, net assets of -$456k.

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.