Diamonds on the Rise

Analysis

Diamonds on the Rise is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Diamonds on the Rise reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $415k to $1.1m (+173%), an average of +22% a year. The sharpest change came in the year to December 2019, when income rose by 66%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diamonds on the Rise sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Global Fund for Mental Health Inc ($1.1m), Sibley County Developmental Achievement Center ($1.1m) and Keeping Families Covered ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $161k. At year end it held assets of $771k against liabilities of $0, net assets of $771k.