Dismas Charities Inc

Analysis

Dismas Charities Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1967, 59 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 December 2023, Dismas Charities Inc reported income of $89.6m and spending of $87.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.7m to $89.6m (+43%), an average of +9.3% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dismas Charities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Aspire Living & Learning Inc ($89.2m), Nysarc Inc ($89.7m) and Old Colony Young Mens Christian Association Inc ($89.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.0m (2.3% of expenses). Other salaries and wages came to $39.0m. At year end it held assets of $65.1m against liabilities of $36.0m, net assets of $29.1m. It reported 1,359 employees.