Advance Delaware Opportunities Objectives Inc

Analysis

Advance Delaware Opportunities Objectives Inc is a registered charity in United States, based in Hamden, NY. It received its IRS tax-exemption ruling in February 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Advance Delaware Opportunities Objectives Inc reported income of $175k and spending of $104k, leaving 40% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income fell from $181k to $175k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to February 2021, when income dropped by 34%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advance Delaware Opportunities Objectives Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include National Charity League of Pasadena ($175k), Community Alliance for Jewish-Affiliated Cemeteries Inc ($175k) and East Bay Economic Alliance Foundation ($175k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 81% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.