Zip Code Wilmington Inc

Analysis

Zip Code Wilmington Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Zip Code Wilmington Inc reported income of $1.5m and spending of $2.2m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zip Code Wilmington Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within DE. Charities of a similar size with the same main cause include Ann Wigmore Natural Health Institute Inc ($1.5m), Helias Foundation Incorporated ($1.5m) and Savannah Speech & Hearing Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $154k (7.1% of expenses). Other salaries and wages came to $894k. At year end it held assets of $1.7m against liabilities of $539k, net assets of $1.1m. It reported 12 employees.