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Diamond Beauty Academy

EIN 93-4610815 · Philadelphia, PA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceWeak41 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To empower and equip young individuals with the knowledge skills and confidence to succeed in the beauty industry and beyond.

Income
$217,500
Spending
$217,500
Spent on programs
100%
Reserves
0 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 14% of charities in its peer group (education, under $250k).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.0 months of spending.

  • Debt

    2 of 20

    It owes 100% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    15 of 15

    Income rose 527% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 41 out of 100. Higher than 17% of charities in its peer group (education, under $250k).

  • Independent board

    18 of 25

    3 of 4 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $153,998 spent. Diamond Beauty Academys Beauty Builds Resilience program is a 12-week trauma-informed initiative serving youth and young adults aged 14-24 from under-resourced and violence-impacted Philadelphia communities. The program integrates cosmetic science education mental wellness practices conflict resolution and social-emotional learning to promote healing resilience and nonviolent problem-solving. During the reporting year participants engaged in hands-on product formulation labs mindfulness exercises peer support circles and life skills workshops. Youth demonstrated increased self-confidence improved emotional regulation and strengthened communication skills. The program provided positive alternatives to violence while supporting mental wellness leadership development and workforce readiness through culturally responsive healing-centered education.
  2. $20,003 spent. The STEM to Skin program introduces youth and young adults to cosmetic chemistry and STEM education through beauty as an accessible entry point. Particip ants learn ingredient literacy lab safety formulation science and product development exploring career pathways in science manufacturing and the beauty industry. During the reporting year participants completed hands-on STEM labs and product development activities enhancing technical skills problem-solving abilities and interest in STEM careers. The program broadened STEM education access enhanced workforce-relevant competencies and promoted long-term economic mobility for underrepresented participants in science fields.
  3. $43,499 spent. Formula to Fame is an entrepreneurship and workforce readiness program that supports youth in developing beauty-related business concepts and professional skills. Participants received instruction in branding budgeting financial literacy marketing and pitch development while exploring pathways in small business ownership and employment within the beauty and retail industries. During the reporting year participants developed business concepts practiced professional presentation skills and increased financial awareness and workplace readiness. The program strengthened leadership capacity entrepreneurial thinking and economic self-sufficiency while preparing youth for sustainable career and income opportunities.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.