Olympia Diamond Backers

Analysis

Olympia Diamond Backers is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Olympia Diamond Backers reported income of $102k and spending of $92k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $102k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olympia Diamond Backers sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Natural Hazard Mitigation Association ($102k), Medina Ramos Global Education Group ($102k) and Alton Athletic Association ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 60% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.