Delaware Charter Schools Network Inc

Analysis

Delaware Charter Schools Network Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2002, 24 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 Charter Schools Network Inc reported income of $644k and spending of $360k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $644k (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Delaware Charter Schools Network Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within DE. Charities of a similar size with the same main cause include Mount Washington Valley Alpine Education Foundation ($644k), Lamar Institute of Technology Foundation ($644k) and Federal Law Enforcement Officers Foundation ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $95k (26% of expenses). Other salaries and wages came to $51k. At year end it held assets of $595k against liabilities of $0, net assets of $595k. It reported 4 employees.