Diamond State C L T Inc

Analysis

Diamond State C L T Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in October 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Diamond State C L T Inc reported income of $145k and spending of $39k, leaving 73% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $530k to $145k (-73%), an average of -23% a year. The sharpest change came in the year to June 2024, when income rose by 694%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diamond State C L T Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 40th percentile within DE. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($145k), Ocean Housing Foundation ($145k) and Newport Reno Supportive Housing Inc ($145k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $736k against liabilities of $465k, net assets of $271k.