Diverse Works Inc

Analysis

Diverse Works Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1982, 44 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 August 2023, Diverse Works Inc reported income of $452k and spending of $664k, spending 147% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $530k to $452k (-15%), an average of -3.9% a year. The sharpest change came in the year to August 2022, when income rose by 158%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diverse Works Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Nisei Week Foundation Inc ($452k), Lovejoy Fine Arts Inc ($452k) and Houston Cinema Arts Society ($452k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). At year end it held assets of $260k against liabilities of $12k, net assets of $248k. It reported 4 employees.