New Demensions Corporation

Analysis

New Demensions Corporation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in August 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Demensions Corporation reported income of $185k and spending of $288k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $167k to $185k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Demensions Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Old Colony Revitalization Corporation ($185k), Cherry Community Organization Inc ($185k) and Sacramento Community Land Trust Inc ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.3m against liabilities of $2.6m, net assets of -$1.3m.

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.