Diamante Inc

Analysis

Diamante Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2023, Diamante Inc reported income of $199k and spending of $174k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $100k to $199k (+99%), an average of +99% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diamante Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Cutliff Grove Family Resource Center Inc ($199k), Katy Cares Inc ($199k) and Little Elm Area Food Bank ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.