Delaware Academy of Science Inc

Analysis

Delaware Academy of Science Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in December 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Delaware Academy of Science Inc reported income of $162k and spending of $155k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $162k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 118% 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 Academy of Science Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 44th percentile within DE. Charities of a similar size with the same main cause include Philadelphia Association of Black Journalists ($162k), Ilwaco Heritage Foundation ($162k) and Railroad Museum of New England Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.