Dhic Inc

Analysis

Dhic Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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 December 2023, Dhic Inc reported income of $8.3m and spending of $4.6m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $8.3m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dhic Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Young Mens Christian Assoc North Penn ($8.3m), Girl Scouts of Nypenn Pathways Inc ($8.3m) and The Pottstown Cluster of Religious Communities ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $749k (16% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $35.5m against liabilities of $775k, net assets of $34.7m. It reported 28 employees.