Invest DSM

Analysis

Invest DSM is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 2020, 6 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 December 2023, Invest DSM reported income of $10.3m and spending of $5.2m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to December 2023, income grew from $5.1m to $10.3m (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 9435%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Invest DSM sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Lifting Up Westchester Inc ($10.3m), Grand Street Guild HDFC Inc ($10.3m) and Seaview Senior Living Housing Development Fund Corporation ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $193k (3.8% of expenses). Other salaries and wages came to $479k. At year end it held assets of $24.3m against liabilities of $543k, net assets of $23.8m. It reported 8 employees.