Delaware Institute for the Arts in Education

Analysis

Delaware Institute for the Arts in Education is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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 2024, Delaware Institute for the Arts in Education reported income of $407k and spending of $364k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $293k to $407k (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Institute for the Arts in Education sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 61st percentile within DE. Charities of a similar size with the same main cause include Fishtrap Inc ($407k), Parish Episcopal School Endowment Fund Inc ($407k) and Obert C Tanner Lecture Trust Fbo University of Utah ($407k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $62k (17% of expenses). Other salaries and wages came to $104k. At year end it held assets of $508k against liabilities of $38k, net assets of $470k. It reported 3 employees.