Delaware College of Art and Design

Analysis

Delaware College of Art and Design is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 College of Art and Design reported income of $4.3m and spending of $6.4m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.3m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 112% 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 College of Art and Design sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within DE. Charities of a similar size with the same main cause include Markup News Inc ($4.3m), Brooklyn Arts Council ($4.3m) and United States Foundation for the Commemoration of the World Wars ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $326k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $10.9m against liabilities of $5.3m, net assets of $5.6m. It reported 83 employees.