Delaware Community Development Corporation

Analysis

Delaware Community Development Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Delaware Community Development Corporation reported income of $170k and spending of $255k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $190k to $170k (-11%), an average of -2.7% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware Community Development Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 45th percentile within DE. Charities of a similar size with the same main cause include Redford Brightmoor Initiative ($170k), Pass Christian Main Street Foundation ($170k) and Gertrude Wood Community Foundation ($170k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $76k (30% of expenses). Other salaries and wages came to $70k. At year end it held assets of $586k against liabilities of $40k, net assets of $546k. It reported 3 employees.