Delaware Restaurant Association Educational Foundation

Analysis

Delaware Restaurant Association Educational Foundation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Delaware Restaurant Association Educational Foundation reported income of $552k and spending of $540k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $552k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Delaware Restaurant Association Educational Foundation sits at the 66th percentile: it is larger than about 66% 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 Local Management Board of Allegany County Inc ($552k), Omaha Development Foundation ($552k) and East Tennessee Christian Home Inc ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $104k (19% of expenses). Other salaries and wages came to $215k. At year end it held assets of $302k against liabilities of $2,890, net assets of $299k.