Delaware County Local Development Corporation

Analysis

Delaware County Local Development Corporation is a registered charity in United States, based in Delhi, NY. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Delaware County Local Development Corporation reported income of $1.3m and spending of $1.1m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $1.3m (+325%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware County Local Development Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Mbdi Inc ($1.3m), Achieve Ability Inc ($1.3m) and Ua3 Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $11k (1.0% of expenses). At year end it held assets of $5.4m against liabilities of $2.8m, net assets of $2.6m.