Diversity VC US Inc

Analysis

Diversity VC US Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Diversity VC US Inc reported income of $131k and spending of $94k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $131k (+9.1%), an average of +9.1% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Diversity VC US Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Blixt Locally Grown ($131k), Ohio Valley Antique Machinery Inc ($131k) and Re-Creation USA Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 2.0% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.