Delaware Senior Olympics Inc

Analysis

Delaware Senior Olympics Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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 Senior Olympics Inc reported income of $82k and spending of $99k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $82k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Senior Olympics Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within DE. Charities of a similar size with the same main cause include Bayport Aerodrome Society Inc ($82k), PTA California Congress of Parents Teachers & Students Inc ($82k) and PTA Texas Congress ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 15% of the total. At year end it held assets of $123k against liabilities of $4,353, net assets of $119k.