Diaspora Global Initiative Inc

Analysis

Diaspora Global Initiative Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in May 2017, 9 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 (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, Diaspora Global Initiative Inc reported income of $91k and spending of $92k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $91k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diaspora Global Initiative Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include USA Swimming Inc ($91k), Lakeshore Hockey Association Inc ($91k) and Friends of New Canaan Lacrosse ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $101k, net assets of -$83k.

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.