Diaspora Vibe Cultural Arts Incubator Inc
Diaspora Vibe Cultural Arts Incubator consistently operates with a surplus and reports no officer compensation.
EIN: 20546537 · Miami, FL · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $670K |
| Total Expenses | $576K |
| Program Spending | 90% |
| Net Assets | $235K |
| Transparency Score | 92/100 |
Is Diaspora Vibe Cultural Arts Incubator Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Diaspora Vibe Cultural Arts Incubator Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Diaspora Vibe Cultural Arts Incubator Inc
Diaspora Vibe Cultural Arts Incubator Inc (EIN: 20546537) is a nonprofit organization based in Miami, FL, classified under NTEE code A20. The organization reported total revenue of $670K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Diaspora Vibe Cultural Arts Incubator Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Diaspora Vibe Cultural Arts Incubator Inc is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $669K |
| Total Expenses | $576K |
| Surplus / Deficit | +$93K |
| Total Assets | $235K |
| Net Assets | $235K |
| Operating Margin | 13.9% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Diaspora Vibe Cultural Arts Incubator Inc reported a surplus of $93K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2011–2023), Diaspora Vibe Cultural Arts Incubator Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +2.6% | -43.9% |
| 2022 | -32.6% | +11.1% | -8.5% |
| 2021 | +65.9% | -1.2% | +699.5% |
| 2020 | +103.5% | +80.8% | -28.4% |
| 2019 | -35.0% | +26.2% | -71.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Diaspora Vibe Cultural Arts Incubator Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Diaspora Vibe Cultural Arts Incubator Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $93K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation.
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 Diaspora Vibe Cultural Arts Incubator Inc's IRS 990 filings:
- Fluctuating asset base without clear explanation in public data
Strengths
The following positive indicators were identified for Diaspora Vibe Cultural Arts Incubator Inc:
- Consistent operating surplus (e.g., $668,569 revenue vs. $575,792 expenses in 202312)
- 0% officer compensation reported across all filings, indicating high efficiency and transparency regarding executive pay
- Low to no reported liabilities in most recent filings
- Significant revenue growth over the past decade
- Strong program spending ratio
Frequently Asked Questions about Diaspora Vibe Cultural Arts Incubator Inc
Is Diaspora Vibe Cultural Arts Incubator Inc a legitimate charity?
Diaspora Vibe Cultural Arts Incubator Inc (EIN: 20546537) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $670K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Diaspora Vibe Cultural Arts Incubator Inc spend its money?
Diaspora Vibe Cultural Arts Incubator Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Diaspora Vibe Cultural Arts Incubator Inc tax-deductible?
Diaspora Vibe Cultural Arts Incubator Inc is registered as a tax-exempt nonprofit (EIN: 20546537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Diaspora Vibe Cultural Arts Incubator Inc's spending goes to programs?
Diaspora Vibe Cultural Arts Incubator Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Diaspora Vibe Cultural Arts Incubator Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Diaspora Vibe Cultural Arts Incubator Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Diaspora Vibe Cultural Arts Incubator Inc located?
Diaspora Vibe Cultural Arts Incubator Inc is headquartered in Miami, Florida and files with the IRS under EIN 20546537. It is classified under NTEE code A20.
How many years of IRS 990 filings does Diaspora Vibe Cultural Arts Incubator Inc have?
Diaspora Vibe Cultural Arts Incubator Inc has 12 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 $670K in total revenue.
Is Diaspora Vibe Cultural Arts Incubator Inc a good charity?
Based on the available IRS 990 data, Diaspora Vibe Cultural Arts Incubator Inc appears to be a good charity. It consistently operates with a surplus, maintains low liabilities, and notably reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth and fluctuation. It grew from $118,774 in 201512 to a peak of $853,184 in 202112, then settled to $668,569 in 202312, demonstrating a substantial increase in its financial capacity over the past decade.
What is the organization's asset position?
Diaspora Vibe Cultural Arts Incubator Inc's assets have varied, reaching a high of $458,000 in 202112. In the latest filing (202312), assets were $235,290, with liabilities consistently reported as $0 in most recent periods, indicating a healthy net asset position.
Filing History
IRS 990 filing history for Diaspora Vibe Cultural Arts Incubator Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Diaspora Vibe Cultural Arts Incubator Inc's revenue has grown by 580.2%, moving from $98K to $669K. Total assets increased by 177.7% over the same period, from $85K to $235K. Total functional expenses rose by 502.2%, from $96K to $576K. In its most recent filing year (2023), Diaspora Vibe Cultural Arts Incubator Inc reported a surplus of $93K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $669K | $576K | $235K | $0 | — | — |
| 2022 | $575K | $561K | $419K | $0 | — | — |
| 2021 | $853K | $505K | $458K | $53K | — | View 990 |
| 2020 | $514K | $511K | $57K | $0 | — | — |
| 2019 | $253K | $283K | $80K | $0 | — | View 990 |
| 2018 | $389K | $224K | $284K | $0 | — | View 990 |
| 2017 | $166K | $165K | $99K | $0 | — | View 990 |
| 2016 | $143K | $142K | $98K | $0 | — | View 990 |
| 2015 | $119K | $118K | $97K | $0 | — | View 990 |
| 2013 | $200K | $197K | $94K | $0 | — | View 990 |
| 2012 | $102K | $95K | $91K | $0 | — | View 990 |
| 2011 | $98K | $96K | $85K | $862 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $669K, expenses of $576K, and assets of $235K (revenue +16.3% year-over-year).
- 2022: Revenue of $575K, expenses of $561K, and assets of $419K (revenue -32.6% year-over-year).
- 2021: Revenue of $853K, expenses of $505K, and assets of $458K (revenue +65.9% year-over-year).
- 2020: Revenue of $514K, expenses of $511K, and assets of $57K (revenue +103.5% year-over-year).
- 2019: Revenue of $253K, expenses of $283K, and assets of $80K (revenue -35.0% year-over-year).
- 2018: Revenue of $389K, expenses of $224K, and assets of $284K (revenue +134.1% year-over-year).
- 2017: Revenue of $166K, expenses of $165K, and assets of $99K (revenue +16.1% year-over-year).
- 2016: Revenue of $143K, expenses of $142K, and assets of $98K (revenue +20.4% year-over-year).
- 2015: Revenue of $119K, expenses of $118K, and assets of $97K (revenue -40.5% year-over-year).
- 2013: Revenue of $200K, expenses of $197K, and assets of $94K (revenue +95.8% year-over-year).
- 2012: Revenue of $102K, expenses of $95K, and assets of $91K (revenue +3.8% year-over-year).
- 2011: Revenue of $98K, expenses of $96K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Diaspora Vibe Cultural Arts Incubator Inc:
Data Sources and Methodology
This transparency report for Diaspora Vibe Cultural Arts Incubator 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.