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Unfortunately No. Planning to monetize through ads once UI is polished.
Why would releasing the code under a FOSS license prevent you from adding ads?
To be honest. Never really thought about it fully. I don't know monetization plan as well. I just wanted to create better private version of diff checker and merge. Will think through and update here.
Not so secure and private then if you're planning to embed a bunch of ad tracking scripts...
The input data will not be passed on to any server which include ads as well. The input will not be persisted so no way the data is accessible other that the user.

This can be tested by disabling the internet and checking the diff.