DFRC Inc

Analysis

DFRC Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, DFRC Inc reported income of $499k and spending of $646k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $499k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DFRC Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within DE. Charities of a similar size with the same main cause include Haven of Transylvania County ($499k), People of All Colors Succeed Organization ($499k) and Tulia Community Nursery Association Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $111k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.