Diaspora Arts Coalition Inc

Analysis

Diaspora Arts Coalition Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Diaspora Arts Coalition Inc reported income of $88k and spending of $64k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2017 to September 2023, income grew from $6,587 to $88k (+1235%), an average of +137% a year. The sharpest change came in the year to September 2022, when income rose by 110100%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diaspora Arts Coalition Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Kewaskum Remembers 9 11 Inc ($88k), The Blue Moon Theatre ($88k) and Ventura County Gilbert & Sullivan Repertoire Company Inc ($88k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.