Delaware Manufacturing Alliance Inc

Analysis

Delaware Manufacturing Alliance Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 1994, 32 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 March 2024, Delaware Manufacturing Alliance Inc reported income of $1.1m and spending of $1.3m, spending 119% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.1m to $1.1m (+2.0%), an average of +0.4% a year. The sharpest change came in the year to March 2024, when income rose by 33%. 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 Manufacturing Alliance Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Northeast Waste Management Officials Association Inc ($1.1m), Village Gospel Mission ($1.1m) and Hayes Senior Housing Corporation ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $60k (4.6% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.5m against liabilities of $358k, net assets of $1.1m.