Diamond State Classic Foundation
Diamond State Classic Foundation faces recent deficit despite historical financial stability and volunteer-led operations.
EIN: 203217290 · Wilmington, DE · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $38K |
| Program Spending | 90% |
| Net Assets | $35K |
| Transparency Score | 85/100 |
Is Diamond State Classic Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Diamond State Classic Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Diamond State Classic Foundation
Diamond State Classic Foundation (EIN: 203217290) is a nonprofit organization based in Wilmington, DE, classified under NTEE code P20. The organization reported total revenue of $17K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Diamond State Classic Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Diamond State Classic Foundation is a micro nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $38K |
| Surplus / Deficit | $-13,862 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | -56.5% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Diamond State Classic Foundation reported a deficit of $14K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Diamond State Classic Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | +16.1% | -34.9% |
| 2022 | +55.3% | +215.4% | +1.1% |
| 2021 | -67.5% | -77.3% | +18.9% |
| 2020 | +5.5% | -14.4% | +32.0% |
| 2019 | -1.7% | -5.1% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Classic Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Diamond State Classic Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is run by volunteers or that compensation falls below reporting thresholds, which is highly efficient for an organization of its size.
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 Classic Foundation's IRS 990 filings:
- Expenses ($38,375) significantly exceeded revenue ($24,513) in the 2023 filing, resulting in a net operating deficit.
- Revenue has shown a declining trend in recent years, from $62,939 in 2015 to $24,513 in 2023, which could impact future program capacity.
Strengths
The following positive indicators were identified for Diamond State Classic Foundation:
- Consistent 0% officer compensation across all filings, indicating a highly efficient, volunteer-driven model.
- Strong program focus with minimal administrative and fundraising overhead.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating high transparency.
- Low liabilities, often zero, indicating sound debt management.
Frequently Asked Questions about Diamond State Classic Foundation
Is Diamond State Classic Foundation a legitimate charity?
Diamond State Classic Foundation (EIN: 203217290) 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: $17K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Diamond State Classic Foundation spend its money?
Diamond State Classic Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Diamond State Classic Foundation tax-deductible?
Diamond State Classic Foundation is registered as a tax-exempt nonprofit (EIN: 203217290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Diamond State Classic Foundation's spending goes to programs?
Diamond State Classic Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Diamond State Classic Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Diamond State Classic Foundation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Diamond State Classic Foundation located?
Diamond State Classic Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203217290. It is classified under NTEE code P20.
How many years of IRS 990 filings does Diamond State Classic Foundation have?
Diamond State Classic Foundation 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 $17K in total revenue.
Is Diamond State Classic Foundation a good charity?
Based on the available data, the Diamond State Classic Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong volunteer base and efficient use of funds. Its primary focus seems to be on program delivery, with minimal administrative overhead. However, the recent deficit in 2023 where expenses ($38,375) exceeded revenue ($24,513) is a point to monitor for long-term sustainability.
How has the organization's revenue trended over the last few years?
The organization's revenue has shown a declining trend in recent years, from a peak of $62,939 in 2015 to $24,513 in 2023. There was a significant drop from $57,367 in 2020 to $18,652 in 2021, though it recovered slightly to $28,973 in 2022 before another dip in 2023.
What is the organization's financial stability given its assets and liabilities?
The organization's financial stability appears generally sound, with assets consistently in the $30,000-$50,000 range (e.g., $35,253 in 2023) and liabilities typically very low or zero (e.g., $0 in 2023). This indicates a healthy balance sheet with minimal debt, though the recent operating deficit could draw down assets if not addressed.
Filing History
IRS 990 filing history for Diamond State Classic Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Diamond State Classic Foundation's revenue has declined by 44%, moving from $44K to $25K. Total assets decreased by 29.1% over the same period, from $50K to $35K. Total functional expenses fell by 20.6%, from $48K to $38K. In its most recent filing year (2023), Diamond State Classic Foundation reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $38K | $35K | $0 | — | View 990 |
| 2022 | $29K | $33K | $54K | $5K | — | — |
| 2021 | $19K | $10K | $54K | $361 | — | — |
| 2020 | $57K | $46K | $45K | $20 | — | View 990 |
| 2019 | $54K | $54K | $34K | $328 | — | View 990 |
| 2018 | $55K | $57K | $35K | $1K | — | View 990 |
| 2017 | $52K | $56K | $35K | $501 | — | View 990 |
| 2016 | $56K | $59K | $41K | $1K | — | View 990 |
| 2015 | $63K | $59K | $42K | $0 | — | View 990 |
| 2014 | $56K | $54K | $38K | $0 | — | View 990 |
| 2013 | $41K | $52K | $36K | $0 | — | View 990 |
| 2012 | $54K | $57K | $46K | $0 | — | View 990 |
| 2011 | $44K | $48K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $38K, and assets of $35K (revenue -15.4% year-over-year).
- 2022: Revenue of $29K, expenses of $33K, and assets of $54K (revenue +55.3% year-over-year).
- 2021: Revenue of $19K, expenses of $10K, and assets of $54K (revenue -67.5% year-over-year).
- 2020: Revenue of $57K, expenses of $46K, and assets of $45K (revenue +5.5% year-over-year).
- 2019: Revenue of $54K, expenses of $54K, and assets of $34K (revenue -1.7% year-over-year).
- 2018: Revenue of $55K, expenses of $57K, and assets of $35K (revenue +7.4% year-over-year).
- 2017: Revenue of $52K, expenses of $56K, and assets of $35K (revenue -8.5% year-over-year).
- 2016: Revenue of $56K, expenses of $59K, and assets of $41K (revenue -10.5% year-over-year).
- 2015: Revenue of $63K, expenses of $59K, and assets of $42K (revenue +12.2% year-over-year).
- 2014: Revenue of $56K, expenses of $54K, and assets of $38K (revenue +35.2% year-over-year).
- 2013: Revenue of $41K, expenses of $52K, and assets of $36K (revenue -22.5% year-over-year).
- 2012: Revenue of $54K, expenses of $57K, and assets of $46K (revenue +22.3% year-over-year).
- 2011: Revenue of $44K, expenses of $48K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Diamond State Classic Foundation:
Data Sources and Methodology
This transparency report for Diamond State Classic Foundation 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.