Dimension Mill Inc

Analysis

Dimension Mill Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Dimension Mill Inc reported income of $1.9m and spending of $2.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $1.9m (+239%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dimension Mill Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include New Sector Alliance Inc ($1.9m), Big Sunday ($1.9m) and Winona County Developmental Achievement Center Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $208k (10% of expenses). Other salaries and wages came to $855k. At year end it held assets of $2.2m against liabilities of $2.2m, net assets of -$17k.

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.