Divinc

Analysis

Divinc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Divinc reported income of $1.4m and spending of $2.0m, spending 147% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $285k to $1.4m (+384%), an average of +69% a year. The sharpest change came in the year to March 2021, when income rose by 288%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Divinc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Pacific Palms Mobilehome Park Corporation ($1.4m), Waianae Economic Development Council ($1.4m) and Jack London Improvement District ($1.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (4.6% of expenses). Other salaries and wages came to $840k. At year end it held assets of $940k against liabilities of $537k, net assets of $404k. It reported 14 employees.