Friends of Hockessin Colored School 107 Inc

Analysis

Friends of Hockessin Colored School 107 Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Hockessin Colored School 107 Inc reported income of $678k and spending of $119k, leaving 82% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $927k to $678k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 8.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Hockessin Colored School 107 Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include Community Counsel ($678k), Fresno & Vicinity Sheet Metal Industry Apprent & Train TR Fund ($678k) and Can Council Great Lakes Bay Region Bay County ($678k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $650k, net assets of $1.5m.