Dima VI Inc

Analysis

Dima VI Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 1996, 30 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 VI Inc reported income of $108k and spending of $142k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $94k to $108k (+14%), an average of +3.4% a year. 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 VI Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include Newport Inc ($108k), Liberty Community Integration Program II Inc ($108k) and Abilities at San Juan Inc ($108k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Other salaries and wages came to $28k. At year end it held assets of $646k against liabilities of $1.4m, net assets of -$775k.

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.