Diamond Derby Inc

Analysis

Diamond Derby Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Diamond Derby Inc reported income of $2.4m and spending of $2.1m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $166k to $2.4m (+1334%), an average of +95% a year. The sharpest change came in the year to August 2022, when income rose by 4665%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Diamond Derby Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Buddhist Ortho-Creed Association Dharma Seal Temple ($2.4m), Womens Care Center ($2.4m) and Tarrant County Challenge Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.