Dimond Alumni Foundation

Analysis

Dimond Alumni Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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, Dimond Alumni Foundation reported income of $554k and spending of $501k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $554k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dimond Alumni Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include California Transportation Foundation ($553k), Academy of Political Science ($554k) and Grassworks Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 9.6% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.