Diamond Heights Inc

Analysis

Diamond Heights Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Diamond Heights Inc reported income of $126k and spending of $152k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $89k to $126k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diamond Heights Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Solon Community Housing Corporation ($126k), Uintah Basin Assistance Council ($126k) and For Vietnam ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $475k against liabilities of $1.2m, net assets of -$675k.

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.