Delaware Community Foundation

Analysis

Delaware Community Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation reported income of $37.5m and spending of $36.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.6m to $37.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Delaware Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Stonier Scholarship Inc ($37.5m), Santa Barbara Foundation ($37.8m) and The Hormel Foundation ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 1.3% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $347.2m against liabilities of $44.6m, net assets of $302.5m. It reported 39 employees.