Delta Area Economic Opportunity Corporation

Analysis

Delta Area Economic Opportunity Corporation is a registered charity in United States, based in Sikeston, MO. It received its IRS tax-exemption ruling in February 1966, 60 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 December 2023, Delta Area Economic Opportunity Corporation reported income of $28.5m and spending of $28.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.7m to $28.5m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delta Area Economic Opportunity Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Marwood Manor Nursing Home ($28.5m), Hospice of Central Ohio ($28.5m) and Shore Up Inc ($28.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $272k (1.0% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $27.1m against liabilities of $8.9m, net assets of $18.2m. It reported 484 employees.