Diaspora Community Services Inc

Analysis

Diaspora Community Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. 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 June 2023, Diaspora Community Services Inc reported income of $4.6m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.6m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Diaspora Community Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Telesis Center for Learning Inc ($4.6m), Islamic Education Foundation of New Jersey Inc ($4.6m) and Southwest Minnesota Christian Schools ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $201k (4.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.1m against liabilities of $1.7m, net assets of $1.5m. It reported 84 employees.