Diverva

Analysis

Diverva is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Diverva reported income of $74k and spending of $79k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $74k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diverva sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Winston Salem Youth Hockey Association ($74k), Camp Hope Inc ($74k) and Fayette County Youth Soccer Club ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $1 against liabilities of $64, net assets of -$63.