Delaware State University Foundation Inc

Analysis

Delaware State University Foundation Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Delaware State University Foundation Inc reported income of $14.8m and spending of $12.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $14.8m (+171%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 149%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware State University Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within DE. Charities of a similar size with the same main cause include Lake Technical College Inc ($14.8m), Civic News Company ($14.8m) and Eje Academies ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $41.6m against liabilities of $472k, net assets of $41.1m.