Delaware River City Corporation

Analysis

Delaware River City Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2023, Delaware River City Corporation reported income of $838k and spending of $1.2m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $838k (-73%), an average of -28% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware River City Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Rio Grande Valley Empowerment Zone Corporation ($838k), Cor Community Development Corporation ($838k) and Support After Abortion Inc ($836k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $117k (10% of expenses). Other salaries and wages came to $396k. At year end it held assets of $2.7m against liabilities of $120k, net assets of $2.6m. It reported 12 employees.