Diamond Charitable Foundation

Analysis

Diamond Charitable Foundation is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Diamond Charitable Foundation reported income of $83k and spending of $76k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $83k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Diamond Charitable Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Robert Hunter Parent Teacher Organization ($83k), Seven Dreams Foundation ($83k) and PS 172 ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $6,869 against liabilities of $0, net assets of $6,869.