Generation Diamond Corporation

Analysis

Generation Diamond Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Generation Diamond Corporation reported income of $805k and spending of $713k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $805k (+194%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Generation Diamond Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within NE. Charities of a similar size with the same main cause include Electronic Arts Intermix Inc ($805k), American Museum of Natural History Planetarium Authority ($806k) and Needham Community Television Development Corporation ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $127k. It paid $19k in professional fundraising fees. At year end it held assets of $206k against liabilities of $17k, net assets of $188k. It reported 15 employees.