Delaware Council on Economic Education Inc

Analysis

Delaware Council on Economic Education Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Delaware Council on Economic Education Inc reported income of $305k and spending of $498k, spending 163% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $420k to $305k (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Delaware Council on Economic Education Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Tune Inc ($305k), Chavalos de Aqui Y Alla ($305k) and Augusta Westobou Festival Inc ($305k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $30k (6.0% of expenses). Other salaries and wages came to $44k. At year end it held assets of $479k against liabilities of $0, net assets of $479k.