Dima Iii Inc

Charity Navigator Rating: 52% (One-Star out of Four Star rating)

Dima III Inc has received a low rating of 52%, which reflects significant concerns about its accountability and financial practices. While the organization boasts a fully independent board, with all members being independent, it lacks essential governance policies such as a conflict of interest policy and a whistleblower policy. These omissions highlight potential vulnerabilities in its operational integrity.

Strengths of the organization include its complete independence on the board, with no material diversion of assets, which indicates a sound governance structure in that respect. Additionally, it demonstrates some level of financial transparency with meeting minutes documented and a clear policy on document retention. However, the organization's financial health is concerning, as indicated by a liabilities-to-assets ratio of over 192%, suggesting significant financial risk.

On the downside, the charity's score reflects critical gaps in transparency, such as missing website information and failure to post required tax documents online. The low program expense ratio of 59.67% raises red flags regarding the organization’s commitment to its mission versus administrative expenses. Overall, while Dima III Inc shows some governance strengths, its overall accountability and financial practices warrant caution for potential donors.

This AI summary has been generated from information found on Charity Navigator.

Dima Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dima Iii Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,393

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