Delaware Rental Preservation Corporation

Analysis

Delaware Rental Preservation Corporation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Delaware Rental Preservation Corporation reported income of $1.5m and spending of $83k, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $439k to $1.5m (+252%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 23693%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delaware Rental Preservation Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within DE. Charities of a similar size with the same main cause include Haven House ($1.5m), Redlands Senior Housing Inc ($1.5m) and Indochinese Housing Development Corporation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $4.8m against liabilities of $684k, net assets of $4.1m.