Delgado Community College Foundation

Analysis

Delgado Community College Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1988, 38 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Delgado Community College Foundation reported income of $6.9m and spending of $6.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.9m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 423%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delgado Community College Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Uab Research Foundation ($6.9m), Black River Health Services Inc ($6.9m) and Girl Scouts of San Gorgonio Council ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $92k (1.4% of expenses). At year end it held assets of $9.4m against liabilities of $2.5m, net assets of $6.9m. It reported 1 employees.