Black Diamond Hope House Inc
Black Diamond Hope House Inc. consistently operates with modest revenues and no executive compensation, maintaining substantial assets largely offset by liabilities.
EIN: 113771298 · Wilmington, DE · NTEE: L20 · Updated: 2026-03-28
Is Black Diamond Hope House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Black Diamond Hope House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Black Diamond Hope House Inc
Black Diamond Hope House Inc (EIN: 113771298) is a nonprofit organization based in Wilmington, DE, classified under NTEE code L20. The organization reported total revenue of $132K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Diamond Hope House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Black Diamond Hope House Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $116K |
| Surplus / Deficit | +$17K |
| Total Assets | $1.5M |
| Total Liabilities | $783K |
| Net Assets | $706K |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 52.6% |
| Months of Reserves | 154.5 months |
Financial Health Grade: A
In 2023, Black Diamond Hope House Inc reported a surplus of $17K with revenue exceeding expenses, holds 154.5 months of operating reserves (strong position), has a debt-to-asset ratio of 52.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Black Diamond Hope House Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.6% | -13.8% | +1.0% |
| 2022 | +11.6% | -4.6% | -0.3% |
| 2021 | -0.1% | +36.6% | +0.2% |
| 2020 | +0.1% | -15.2% | +1.2% |
| 2019 | +65.5% | +4.0% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Diamond Hope House Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Black Diamond Hope House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a strong positive for resource allocation given its modest annual revenue of around $130,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Black Diamond Hope House Inc's IRS 990 filings:
- Significant portion of assets offset by liabilities, requiring further investigation into their nature.
Strengths
The following positive indicators were identified for Black Diamond Hope House Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Stable revenue generation consistently covering annual expenses in most recent periods.
- Maintains substantial assets ($1,488,598 in 2023) relative to its operating budget.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Black Diamond Hope House Inc
Is Black Diamond Hope House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Black Diamond Hope House Inc (EIN: 113771298) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Black Diamond Hope House Inc spend its money?
Black Diamond Hope House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Black Diamond Hope House Inc tax-deductible?
Black Diamond Hope House Inc is registered as a tax-exempt nonprofit (EIN: 113771298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Black Diamond Hope House Inc. financially stable?
Yes, the organization appears financially stable, consistently generating revenues that cover or exceed expenses in most recent years (e.g., $132,486 revenue vs. $115,629 expenses in 2023). They also maintain substantial assets ($1,488,598 in 2023) relative to their annual operating budget.
How does Black Diamond Hope House Inc. manage its liabilities?
The organization consistently carries significant liabilities (e.g., $782,900 in 2023) which offset a large portion of its assets. While the asset-to-liability ratio is positive, understanding the nature of these liabilities (e.g., mortgages, program-related debt) would provide more clarity on their long-term financial strategy.
What is the trend in Black Diamond Hope House Inc.'s revenue?
Revenue has been relatively stable over the past few years, generally fluctuating between $128,000 and $143,000. For instance, it was $143,376 in 2022 and $132,486 in 2023, showing consistent but not significantly growing income.
Filing History
IRS 990 filing history for Black Diamond Hope House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Black Diamond Hope House Inc's revenue has grown by 35.5%, moving from $98K to $132K. Total assets decreased by 2.5% over the same period, from $1.5M to $1.5M. Total functional expenses rose by 14.5%, from $101K to $116K. In its most recent filing year (2023), Black Diamond Hope House Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $783K in liabilities against $1.5M in assets (debt-to-asset ratio: 52.6%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $132K | $116K | $1.5M | $783K | — | — |
| 2022 | $143K | $134K | $1.5M | $786K | — | View 990 |
| 2021 | $128K | $141K | $1.5M | $800K | — | View 990 |
| 2020 | $129K | $103K | $1.5M | $784K | — | — |
| 2019 | $128K | $121K | $1.5M | $793K | — | View 990 |
| 2018 | $78K | $117K | $1.4M | $784K | — | View 990 |
| 2017 | $106K | $115K | $1.5M | $804K | — | View 990 |
| 2016 | $131K | $134K | $1.5M | $822K | — | View 990 |
| 2015 | $131K | $142K | $1.5M | $810K | — | View 990 |
| 2014 | $119K | $121K | $1.5M | $787K | — | View 990 |
| 2013 | $110K | $123K | $1.5M | $787K | — | View 990 |
| 2012 | $132K | $155K | $1.5M | $811K | — | View 990 |
| 2011 | $98K | $101K | $1.5M | $797K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $132K, expenses of $116K, and assets of $1.5M (revenue -7.6% year-over-year).
- 2022: Revenue of $143K, expenses of $134K, and assets of $1.5M (revenue +11.6% year-over-year).
- 2021: Revenue of $128K, expenses of $141K, and assets of $1.5M (revenue -0.1% year-over-year).
- 2020: Revenue of $129K, expenses of $103K, and assets of $1.5M (revenue +0.1% year-over-year).
- 2019: Revenue of $128K, expenses of $121K, and assets of $1.5M (revenue +65.5% year-over-year).
- 2018: Revenue of $78K, expenses of $117K, and assets of $1.4M (revenue -26.6% year-over-year).
- 2017: Revenue of $106K, expenses of $115K, and assets of $1.5M (revenue -19.0% year-over-year).
- 2016: Revenue of $131K, expenses of $134K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2015: Revenue of $131K, expenses of $142K, and assets of $1.5M (revenue +10.5% year-over-year).
- 2014: Revenue of $119K, expenses of $121K, and assets of $1.5M (revenue +7.3% year-over-year).
- 2013: Revenue of $110K, expenses of $123K, and assets of $1.5M (revenue -16.4% year-over-year).
- 2012: Revenue of $132K, expenses of $155K, and assets of $1.5M (revenue +35.0% year-over-year).
- 2011: Revenue of $98K, expenses of $101K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Black Diamond Hope House Inc:
Data Sources and Methodology
This transparency report for Black Diamond Hope House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.