Diamond1 Inc

Analysis

Diamond1 Inc is a registered charity in United States, based in Swedesboro, NJ. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Diamond1 Inc reported income of $425k and spending of $392k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $195k to $425k (+118%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diamond1 Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Police Fitness ($425k), Alliance for Support of American Legion Baseball in Anchorage Inc ($426k) and Trail Riders Snowmobile Club of Lake County ($425k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $89k against liabilities of $22k, net assets of $67k.