Diffvelopment

Analysis

Diffvelopment is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 October 2023, Diffvelopment reported income of $75k and spending of $186k, spending 246% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $194k to $75k (-61%), an average of -61% a year. The sharpest change came in the year to October 2023, when income dropped by 61%. Over the whole period it spent 158% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Diffvelopment sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Murphysboro Main Street Inc ($75k), Mills Community House Association ($75k) and Renasant Community Foundation ($75k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 92% and program service revenue 2.0% of the total. At year end it held assets of $18k against liabilities of $40k, net assets of -$21k.