Delta Foundation Inc 819 Main St

Analysis

Delta Foundation Inc 819 Main St is a registered charity in United States, based in Greenville, MS. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Delta Foundation Inc 819 Main St reported income of $204k and spending of $364k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $594k to $204k (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delta Foundation Inc 819 Main St sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within MS. Charities of a similar size with the same main cause include Greater Marion Community Area New Development Organization Inc ($204k), Built2last Innovations Lab Inc ($204k) and Oneida County Economic Development Corp ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $38k (10% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.1m against liabilities of $313k, net assets of $746k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.