Black Diamond Hope House Inc

Analysis

Black Diamond Hope House Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2007, 19 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 (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, Black Diamond Hope House Inc reported income of $132k and spending of $116k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $132k (+3.2%), an average of +0.8% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Black Diamond Hope House Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within DE. Charities of a similar size with the same main cause include Genesis House Inc ($132k), Lockwood Community Corporation ($132k) and CPLC Health Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $783k, net assets of $706k.