Hope Diamond Services Inc

Analysis

Hope Diamond Services Inc is a registered charity in United States, based in Fayetteville, GA. It received its IRS tax-exemption ruling in July 2014, 12 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, Hope Diamond Services Inc reported income of $473k and spending of $470k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $473k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Diamond Services Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Tule Basin Water Foundation ($473k), A Community Pregnancy Center ($473k) and Meridian Area Senior Citizens Association ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (3.2% of expenses). At year end it held assets of $10k against liabilities of $0, net assets of $10k. It reported 1 employees.