Dima VIII Inc

Analysis

Dima VIII Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1999, 27 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 March 2024, Dima VIII Inc reported income of $116k and spending of $142k, spending 123% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $97k to $116k (+19%), an average of +3.6% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dima VIII Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within DE. Charities of a similar size with the same main cause include Randolph Lane Housing Corporation NFP ($116k), Rainbow Village III Inc ($116k) and Jewish Care System of San Antonio ($116k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $17k. At year end it held assets of $630k against liabilities of $1.2m, net assets of -$618k.

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.