Delaware Opportunities Inc

Analysis

Delaware Opportunities Inc is a registered charity in United States, based in Hamden, NY. It received its IRS tax-exemption ruling in March 1966, 60 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 February 2024, Delaware Opportunities Inc reported income of $16.6m and spending of $16.1m, spending 97% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $12.9m to $16.6m (+29%), an average of +6.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware Opportunities Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include St Martin Iberia Lafayette Parishes Community Action Agency ($16.6m), Goodwill Industries of Redwood Empire ($16.6m) and Pennreach ($16.5m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 94% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $197k (1.2% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $7.2m against liabilities of $2.2m, net assets of $5.0m. It reported 251 employees.