Delaware Community Reinvestment Action Council Inc

Analysis

Delaware Community Reinvestment Action Council Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1991, 35 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 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 Community Reinvestment Action Council Inc reported income of $944k and spending of $844k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $944k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 77% 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 Reinvestment Action Council Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 74th percentile within DE. Charities of a similar size with the same main cause include Mango Fund Inc ($944k), Ulster County Development Corporation ($946k) and En2action ($944k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $382k. At year end it held assets of $2.5m against liabilities of $6,558, net assets of $2.5m. It reported 7 employees.