Philanthropy Delaware Inc

Analysis

Philanthropy Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2012, 14 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 December 2023, Philanthropy Delaware Inc reported income of $573k and spending of $340k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $573k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 275%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Delaware Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include United Way of Skagit County ($572k), Friends of Ivanhoe School ($573k) and Incubator for Emerging Jewish Initiatives Inc ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $133k (39% of expenses). Other salaries and wages came to $81k. At year end it held assets of $481k against liabilities of $59k, net assets of $422k. It reported 3 employees.