Delaware First Media Corporation

Analysis

Delaware First Media Corporation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in August 2010, 16 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 (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 First Media Corporation reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $940k to $1.2m (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 89% 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 First Media Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Red Hen Press Inc ($1.2m), Contemporary Art for San Antonio ($1.2m) and Kentucky Music Educators Assn Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $448k. At year end it held assets of $490k against liabilities of $70k, net assets of $420k. It reported 16 employees.