Black Diamond Foundation Inc

Analysis

Black Diamond Foundation Inc is a registered charity in United States, based in Beverly Hills, FL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation Inc reported income of $193k and spending of $217k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $193k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Diamond Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Tai Shan du Hu Association of America Inc ($193k), Central American Martyrs Center ($193k) and Boothbay Region Food Pantry ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.