Network Delaware Inc

Analysis

Network Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Network Delaware Inc reported income of $405k and spending of $344k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $405k (+375%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 166%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Network Delaware Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 61st percentile within DE. Charities of a similar size with the same main cause include Friends of the Johnston Senior Citizens Center ($405k), Noahs House Inc ($405k) and Quakerdale Family Services ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $198k. At year end it held assets of $230k against liabilities of $0, net assets of $230k. It reported 4 employees.