Diamante First Tee Foundation

Analysis

Diamante First Tee Foundation is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in December 2021, 5 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, Diamante First Tee Foundation reported income of $593k and spending of $477k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $519k to $593k (+14%), an average of +6.9% a year. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diamante First Tee Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Trust Uw Elmer a Sperry T 3012 ($593k), Georgia Middle School Athletic Association Inc ($593k) and Parkland Lacrosse Inc ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $666k against liabilities of $156k, net assets of $510k.