National Utilities Diversity Council

Analysis

National Utilities Diversity Council is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2008, 18 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, National Utilities Diversity Council reported income of $421k and spending of $315k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $421k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Utilities Diversity Council sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Livingston Community Partnership Corporation ($421k), Human Solidarity Project Inc ($421k) and Humboldt Bay Development Association Inc ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $75k (24% of expenses). At year end it held assets of $398k against liabilities of $34k, net assets of $364k.