Delaware Center for Contemporary Arts

Analysis

Delaware Center for Contemporary Arts is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Delaware Center for Contemporary Arts reported income of $1.1m and spending of $1.4m, spending 135% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.1m to $1.1m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to July 2021, when income rose by 43%. Over the whole period it spent 103% 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 Center for Contemporary Arts sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Tabor Opera House Preservation Foundation Inc ($1.1m), Su Teatro ($1.1m) and Missoula Civic Symphony Association ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. Other salaries and wages came to $562k. At year end it held assets of $4.1m against liabilities of $1.6m, net assets of $2.5m. It reported 24 employees.