Del-Mor Dwellings Corp

Analysis

Del-Mor Dwellings Corp is a registered charity in United States, based in Delaware, OH. It received its IRS tax-exemption ruling in September 1990, 36 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 June 2023, Del-Mor Dwellings Corp reported income of $2.6m and spending of $1.9m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Del-Mor Dwellings Corp 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 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Merrimack Valley Day Care Service ($2.6m), Covenant Enabling Residences of Illinois ($2.6m) and Center for Union Facts ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.2% of the total. Other salaries and wages came to $907k. At year end it held assets of $7.4m against liabilities of $3.3m, net assets of $4.1m. It reported 26 employees.