Diversity & Innovation Institute Inc

Analysis

Diversity & Innovation Institute Inc is a registered charity in United States, based in Indianapolis, IN. 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 (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 2022, Diversity & Innovation Institute Inc reported income of $345k and spending of $457k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $835k to $345k (-59%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diversity & Innovation Institute Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Heartwood Grove School ($345k), Plus Foundation ($345k) and Rome Institute of Liberal Arts Inc ($345k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 106% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $88k (19% of expenses). Other salaries and wages came to $195k. At year end it held assets of $306k against liabilities of $512k, net assets of -$206k. It reported 15 employees.

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.