Diamond State C L T Inc
Diamond State C L T Inc shows strong financial surplus in latest period after years of fluctuating performance.
EIN: 203625660 · Dover, DE · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $39K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $736,041. |
| Net Assets | $271K |
| Transparency Score | 85/100 |
Is Diamond State C L T Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Diamond State C L T Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Diamond State C L T Inc
Diamond State C L T Inc (EIN: 203625660) is a nonprofit organization based in Dover, DE, classified under NTEE code L200. The organization reported total revenue of $145K and total assets of $736K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Diamond State C L T Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Diamond State C L T Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $39K |
| Surplus / Deficit | +$106K |
| Total Assets | $736K |
| Total Liabilities | $465K |
| Net Assets | $271K |
| Operating Margin | 73.3% |
| Debt-to-Asset Ratio | 63.2% |
| Months of Reserves | 228.5 months |
Financial Health Grade: A
In 2024, Diamond State C L T Inc reported a surplus of $106K with revenue exceeding expenses, holds 228.5 months of operating reserves (strong position), has a debt-to-asset ratio of 63.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Diamond State C L T Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +694.4% | -56.5% | +34.6% |
| 2023 | -59.4% | +6.4% | +75.8% |
| 2022 | -23.5% | -53.2% | -19.5% |
| 2021 | -68.5% | -28.9% | -24.0% |
| 2020 | -64.8% | -2.6% | -41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Diamond State C L T 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, Diamond State C L T 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with assets reaching $736,041.
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 Diamond State C L T Inc's IRS 990 filings:
- Fluctuating revenue and expense patterns in prior years
- Increasing liabilities alongside asset growth
Strengths
The following positive indicators were identified for Diamond State C L T Inc:
- Significant financial surplus in the latest reporting period ($106,276 in 202406)
- Consistent 0% officer compensation across all filings
- Strong asset growth in recent years, reaching $736,041 in 202406
- Low expense ratio relative to revenue in the latest period
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Diamond State C L T Inc
Is Diamond State C L T Inc a legitimate charity?
Diamond State C L T Inc (EIN: 203625660) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $145K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Diamond State C L T Inc spend its money?
Diamond State C L T Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Diamond State C L T Inc tax-deductible?
Diamond State C L T Inc is registered as a tax-exempt nonprofit (EIN: 203625660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Diamond State C L T Inc CEO make?
Diamond State C L T Inc's highest-compensated officer earns $736,041. annually. The organization reported $145K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Diamond State C L T Inc's spending goes to programs?
Diamond State C L T Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Diamond State C L T Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Diamond State C L T Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Diamond State C L T Inc located?
Diamond State C L T Inc is headquartered in Dover, Delaware and files with the IRS under EIN 203625660. It is classified under NTEE code L200.
How many years of IRS 990 filings does Diamond State C L T Inc have?
Diamond State C L T Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $145K in total revenue.
Is Diamond State C L T Inc financially stable?
Yes, the organization appears to be financially stable, especially given its latest filing (202406) showing a significant surplus of $106,276 (Revenue $144,931 - Expenses $38,655) and growing assets of $736,041.
How has the organization's financial health changed over time?
The organization's financial health has fluctuated, experiencing periods where expenses exceeded revenue (e.g., 202306, 202206, 202106) but showing strong recovery and growth in assets, particularly in the most recent period (202406).
What is the trend in the organization's assets and liabilities?
Assets have generally grown over the past few years, reaching $736,041 in 202406 from $310,959 in 202206. Liabilities have also increased, reaching $464,855 in 202406, which is a point to monitor.
Filing History
IRS 990 filing history for Diamond State C L T Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Diamond State C L T Inc's revenue has declined by 45.7%, moving from $267K to $145K. Total assets decreased by 41.4% over the same period, from $1.3M to $736K. Total functional expenses fell by 86.5%, from $287K to $39K. In its most recent filing year (2024), Diamond State C L T Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $465K in liabilities against $736K in assets (debt-to-asset ratio: 63.2%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $145K | $39K | $736K | $465K | — | — |
| 2023 | $18K | $89K | $547K | $382K | — | — |
| 2022 | $45K | $84K | $311K | $73K | — | View 990 |
| 2021 | $59K | $179K | $386K | $107K | — | — |
| 2020 | $187K | $251K | $508K | $116K | — | View 990 |
| 2019 | $530K | $258K | $874K | $386K | — | View 990 |
| 2018 | $271K | $254K | $1.3M | $569K | — | View 990 |
| 2017 | $411K | $193K | $1.3M | $514K | — | View 990 |
| 2016 | $367K | $166K | $1.2M | $409K | — | View 990 |
| 2015 | $275K | $227K | $1.1M | $360K | — | View 990 |
| 2014 | $128K | $173K | $870K | $161K | — | View 990 |
| 2013 | $848K | $238K | $1.3M | $546K | — | View 990 |
| 2012 | $267K | $287K | $1.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $145K, expenses of $39K, and assets of $736K (revenue +694.4% year-over-year).
- 2023: Revenue of $18K, expenses of $89K, and assets of $547K (revenue -59.4% year-over-year).
- 2022: Revenue of $45K, expenses of $84K, and assets of $311K (revenue -23.5% year-over-year).
- 2021: Revenue of $59K, expenses of $179K, and assets of $386K (revenue -68.5% year-over-year).
- 2020: Revenue of $187K, expenses of $251K, and assets of $508K (revenue -64.8% year-over-year).
- 2019: Revenue of $530K, expenses of $258K, and assets of $874K (revenue +95.5% year-over-year).
- 2018: Revenue of $271K, expenses of $254K, and assets of $1.3M (revenue -34.1% year-over-year).
- 2017: Revenue of $411K, expenses of $193K, and assets of $1.3M (revenue +12.1% year-over-year).
- 2016: Revenue of $367K, expenses of $166K, and assets of $1.2M (revenue +33.2% year-over-year).
- 2015: Revenue of $275K, expenses of $227K, and assets of $1.1M (revenue +115.7% year-over-year).
- 2014: Revenue of $128K, expenses of $173K, and assets of $870K (revenue -84.9% year-over-year).
- 2013: Revenue of $848K, expenses of $238K, and assets of $1.3M (revenue +217.7% year-over-year).
- 2012: Revenue of $267K, expenses of $287K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Diamond State C L T Inc:
Data Sources and Methodology
This transparency report for Diamond State C L T 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.