Delaware State University

Analysis

Delaware State University is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in April 1992, 34 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 June 2023, Delaware State University reported income of $250.4m and spending of $249.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $170.6m to $250.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware State University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DE. Charities of a similar size with the same main cause include Oclc Inc ($248.0m), United Negro College Fund Inc ($250.9m) and Stetson University Inc ($245.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $5.8m (2.3% of expenses). Other salaries and wages came to $64.4m. At year end it held assets of $512.2m against liabilities of $553.4m, net assets of -$41.2m. It reported 1,806 employees.