Generation Diamond Corporation
EIN: 812162843 · Omaha, NE · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $947K |
| Total Expenses | $713K |
| Net Assets | $188K |
Is Generation Diamond Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Generation Diamond Corporation
Generation Diamond Corporation (EIN: 812162843) is a nonprofit organization based in Omaha, NE, classified under NTEE code A23. The organization reported total revenue of $947K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Generation Diamond Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Generation Diamond Corporation is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 43.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $805K |
| Total Expenses | $713K |
| Surplus / Deficit | +$92K |
| Total Assets | $206K |
| Total Liabilities | $17K |
| Net Assets | $188K |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, Generation Diamond Corporation reported a surplus of $92K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Generation Diamond Corporation's revenue has grown at a compound annual growth rate (CAGR) of 43.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | -8.8% | +114.6% |
| 2022 | +90.5% | +110.7% | +6.6% |
| 2021 | +53.0% | +37.2% | +133.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Generation Diamond Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Generation Diamond Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $92K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.4%.
Frequently Asked Questions about Generation Diamond Corporation
Is Generation Diamond Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Generation Diamond Corporation (EIN: 812162843) insufficient data. 0 red flags identified, 0 strengths noted.
How does Generation Diamond Corporation spend its money?
Detailed spending breakdown data is not yet available for Generation Diamond Corporation. Check back for updated IRS 990 analysis.
Are donations to Generation Diamond Corporation tax-deductible?
Generation Diamond Corporation is registered as a tax-exempt nonprofit (EIN: 812162843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Generation Diamond Corporation located?
Generation Diamond Corporation is headquartered in Omaha, Nebraska and files with the IRS under EIN 812162843. It is classified under NTEE code A23.
How many years of IRS 990 filings does Generation Diamond Corporation have?
Generation Diamond Corporation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $947K in total revenue.
Filing History
IRS 990 filing history for Generation Diamond Corporation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Generation Diamond Corporation's revenue has grown by 194.4%, moving from $274K to $805K. Total assets increased by 432.9% over the same period, from $39K to $206K. Total functional expenses rose by 163.8%, from $270K to $713K. In its most recent filing year (2023), Generation Diamond Corporation reported a surplus of $92K, with revenue exceeding expenses. The organization holds $17K in liabilities against $206K in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $188K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $805K | $713K | $206K | $17K | — | View 990 |
| 2022 | $797K | $781K | $96K | $0 | — | View 990 |
| 2021 | $418K | $371K | $90K | $10K | — | — |
| 2020 | $274K | $270K | $39K | $6K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $805K, expenses of $713K, and assets of $206K (revenue +1.0% year-over-year).
- 2022: Revenue of $797K, expenses of $781K, and assets of $96K (revenue +90.5% year-over-year).
- 2021: Revenue of $418K, expenses of $371K, and assets of $90K (revenue +53.0% year-over-year).
- 2020: Revenue of $274K, expenses of $270K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Generation Diamond Corporation:
Data Sources and Methodology
This transparency report for Generation Diamond Corporation 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.