Delaware Association for Adult Community Education Daace

Analysis

Delaware Association for Adult Community Education Daace is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Delaware Association for Adult Community Education Daace reported income of $603k and spending of $617k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $552k to $603k (+9.2%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware Association for Adult Community Education Daace sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include Kidsmatter Foundation Inc ($603k), Kenley School ($603k) and Hometown Education Foundation Inc ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $344k. At year end it held assets of $365k against liabilities of $13k, net assets of $352k. It reported 18 employees.