Delaware Military Academy Inc

Analysis

Delaware Military Academy Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Delaware Military Academy Inc reported income of $8.5m and spending of $8.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.6m to $8.5m (+12%), an average of +3.8% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware Military Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Manhattan Beach Education Foundation ($8.5m), Insight School of Oklahoma ($8.5m) and Richmont Graduate University ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $403k (4.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $31.6m against liabilities of $40.2m, net assets of -$8.6m.