Delaware Community Investment Corporation

Analysis

Delaware Community Investment Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Community Investment Corporation reported income of $539k and spending of $855k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $539k (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 162% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delaware Community Investment Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within DE. Charities of a similar size with the same main cause include Lake Agassiz Housing Corporation ($539k), Northumberland Borough Housing Corporation ($539k) and St John Fruit Belt Community Development Corporation ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 62% of the total. At year end it held assets of $9.2m against liabilities of $1.2m, net assets of $8.0m.