Diploma Equity Project

Analysis

Diploma Equity Project is a registered charity in United States, based in Shelby TWP, MI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Diploma Equity Project reported income of $1.3m and spending of $1.1m, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.0m to $1.3m (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diploma Equity Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Compass School Inc ($1.3m), Values United ($1.3m) and Foundation for Tomorrow ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $492k against liabilities of $18k, net assets of $475k.