Diamond Cutter Classics

Analysis

Diamond Cutter Classics is a registered charity in United States, based in Sedona, AZ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Diamond Cutter Classics reported income of $274k and spending of $364k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $303k to $274k (-9.6%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Diamond Cutter Classics sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Aphesis Inc ($274k), True Torah Jews Inc ($274k) and Apostolic Church International Emmanuel Assembly ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $97k (27% of expenses). Other salaries and wages came to $147k. At year end it held assets of $132k against liabilities of $1,194, net assets of $131k. It reported 6 employees.