Diamond Empowerment Fund Inc

Analysis

Diamond Empowerment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Diamond Empowerment Fund Inc reported income of $827k and spending of $844k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $827k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Diamond Empowerment Fund Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include The Rebuilding Alliance ($826k), Sangati ($827k) and Maralliance ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $197k (23% of expenses). Other salaries and wages came to $76k. At year end it held assets of $601k against liabilities of $134k, net assets of $467k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.