Dime Foundation Inc

Analysis

Dime Foundation Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Dime Foundation Inc reported income of $155k and spending of $95k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $155k (+6.2%), an average of +6.2% a year. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dime Foundation Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Westview Foundation ($155k), Bristow Education Foundation Inc ($155k) and Triangle Telangana Association ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.