Delaware Advancement Corporation

Analysis

Delaware Advancement Corporation is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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 September 2023, Delaware Advancement Corporation reported income of $4.5m and spending of $3.5m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $4.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Advancement Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Crisis Call Center ($4.5m), Christian League for the Handicapped Inc ($4.5m) and Asi Missions Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $209k (5.9% of expenses). At year end it held assets of $13.3m against liabilities of $5.7m, net assets of $7.6m. It reported 48 employees.