Black Diamonds Academic Success

Analysis

Black Diamonds Academic Success is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Black Diamonds Academic Success reported income of $146k and spending of $68k, leaving 53% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $75k to $146k (+95%), an average of +95% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 62% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Black Diamonds Academic Success sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Larry H Miller Charities Inc ($146k), Police Athletic League of Southern Nevada ($146k) and Ohio Valley Region CSB Ministries ($146k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.