Diamond City Partnership Inc

Analysis

Diamond City Partnership Inc is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 City Partnership Inc reported income of $669k and spending of $628k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $669k (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Diamond City Partnership Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Virginians Organized for Interfaith Community Engagement of Northern ($668k), Leadership Metro Richmond Inc ($670k) and Ferndale Community Service Cooperative ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $61k. At year end it held assets of $286k against liabilities of $48k, net assets of $238k. It reported 4 employees.