Diaspora Vibe Cultural Arts Incubator Inc

Analysis

Diaspora Vibe Cultural Arts Incubator Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Diaspora Vibe Cultural Arts Incubator Inc reported income of $669k and spending of $576k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $669k (+165%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diaspora Vibe Cultural Arts Incubator Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Arts Council of the Valley ($668k), Live Wire Radio Inc ($669k) and Tucson Girls Chorus Association Inc ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $21k in professional fundraising fees. At year end it held assets of $235k against liabilities of $0, net assets of $235k.