Diamond Sunrise II Corporation

Analysis

Diamond Sunrise II Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Diamond Sunrise II Corporation reported income of $166k and spending of $185k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $166k (+12%), an average of +3.0% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diamond Sunrise II Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include First Place-Phoenix Transitional Homes ($166k), Booth Manor-Columbus Inc ($166k) and Housing Partners for Positive Living Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $1.1m against liabilities of $939k, net assets of $165k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.