Delaware Center for Homeless Veterans Inc

Analysis

Delaware Center for Homeless Veterans Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2024, 2 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2022, Delaware Center for Homeless Veterans Inc reported income of $3.1m and spending of $2.9m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $212k to $3.1m (+1354%), an average of +144% a year. The sharpest change came in the year to December 2022, when income rose by 308%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Center for Homeless Veterans Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within DE. Charities of a similar size with the same main cause include Servants of the Word Inc ($3.1m), Volunteers of America Inc ($3.1m) and Harrison Volunteer Ambulance Corps Inc ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $453k (15% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $317k against liabilities of $75k, net assets of $243k. It reported 53 employees.