Acres of Diamonds

Analysis

Acres of Diamonds is a registered charity in United States, based in Duvall, WA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 August 2023, Acres of Diamonds reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.2m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to August 2020, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Acres of Diamonds 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 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Missouri Bootheel Regional Consortium Incorporated ($2.2m), Mary Welsh Foundation Inc ($2.2m) and Healthy Mothers-Healthy Babies Coalition of Broward Co ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $126k (4.9% of expenses). Other salaries and wages came to $1.4m. It paid $207k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $1.3m, net assets of $4.0m. It reported 38 employees.