Diversified Services Inc

Analysis

Diversified Services Inc is a registered charity in United States, based in Torrington, WY. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover employment, 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 June 2023, Diversified Services Inc reported income of $2.2m and spending of $2.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Diversified Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 91st percentile within WY. Charities of a similar size with the same main cause include University Center Facilities Corporation III ($2.2m), Fresno Works Inc ($2.2m) and Binghampton Development Corporation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $94k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $176k, net assets of $1.0m. It reported 79 employees.