Diakonos Inc

Analysis

Diakonos Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in February 1989, 37 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, Diakonos Inc reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.4m (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diakonos Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Main Street Counseling Service ($2.4m), Alternative Living Solutions ($2.4m) and Luminus Network Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 2.2% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $5.9m against liabilities of $593k, net assets of $5.3m. It reported 85 employees.