Diversity Initiative Inc

Analysis

Diversity Initiative Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Diversity Initiative Inc reported income of $277k and spending of $294k, spending 106% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income grew from $274k to $277k (+1.3%), an average of +0.7% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 150% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diversity Initiative Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Arkansas Head Start Association Inc ($277k), New Jersey League for Nursing ($277k) and David Heller Foundation ($277k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3,976. At year end it held assets of $79k against liabilities of $7,729, net assets of $71k. It reported 16 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.