Dima VII Inc

Analysis

Dima VII Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 VII Inc reported income of $123k and spending of $114k, spending 93% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $71k to $123k (+72%), an average of +12% a year. The sharpest change came in the year to March 2024, when income rose by 51%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dima VII Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within DE. Charities of a similar size with the same main cause include Urban Symbiosis ($123k), Jarvis Township Senior Citizens ($123k) and Amistad International Ministries ($123k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $12k. At year end it held assets of $501k against liabilities of $1.0m, net assets of -$526k.