Delaware Futures Inc

Analysis

Delaware Futures Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1997, 29 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 Futures Inc reported income of $734k and spending of $916k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $803k to $734k (-8.6%), an average of -2.2% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware Futures Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within DE. Charities of a similar size with the same main cause include Association of Early Learning Coalitions Inc ($734k), Deep Creek Baptist Church Preschool ($734k) and Nan Newark Tech World ($734k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $75k (8.2% of expenses). Other salaries and wages came to $317k. At year end it held assets of $261k against liabilities of $68k, net assets of $193k. It reported 52 employees.