Diamond Club Inc

Analysis

Diamond Club Inc is a registered charity in United States, based in Covington, TN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Diamond Club Inc reported income of $54k and spending of $48k, spending 88% of its income. Across the 3 years on record, from December 2019 to August 2024, income fell from $127k to $54k (-57%), an average of -35% a year. The sharpest change came in the year to August 2024, when income dropped by 45%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diamond Club Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Burlington County Sports League ($54k), Little League Baseball Inc ($54k) and Batavia Athletic Association ($54k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.