Delaware Currents Inc

Analysis

Delaware Currents Inc is a registered charity in United States, based in Port Jervis, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Delaware Currents Inc reported income of $78k and spending of $89k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $70k to $78k (+12%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Delaware Currents Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include United States Stamp Society ($78k), Michigan Peo Fund Inc ($78k) and Physical Theater Festival Incorporated ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $12k, net assets of $42k.