Delaware County Veterans Memorial Association in Newtown Square

Analysis

Delaware County Veterans Memorial Association in Newtown Square is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Veterans Memorial Association in Newtown Square reported income of $191k and spending of $148k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $562k to $191k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Delaware County Veterans Memorial Association in Newtown Square sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Placer Advanced Robotics and Technology ($191k), Moore County Art Association Inc ($191k) and Friends of Silo City Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $4.4m against liabilities of $50k, net assets of $4.3m.