Delaware Aerospace Education Foundation

Analysis

Delaware Aerospace Education Foundation is a registered charity in United States, based in Bear, DE. It received its IRS tax-exemption ruling in September 1990, 36 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 December 2023, Delaware Aerospace Education Foundation reported income of $2.2m and spending of $374k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 804%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware Aerospace Education Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within DE. Charities of a similar size with the same main cause include College of the Sequoias Foundation ($2.2m), New Roots Charter School ($2.2m) and Virginia Association of Chiefs of Police and Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $20k (5.3% of expenses). Other salaries and wages came to $49k. At year end it held assets of $18.3m against liabilities of $273k, net assets of $18.0m. It reported 32 employees.