Science Technology and Research Institute of Delaware

Analysis

Science Technology and Research Institute of Delaware is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in January 2017, 9 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 March 2024, Science Technology and Research Institute of Delaware reported income of $510k and spending of $653k, spending 128% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $405k to $510k (+26%), an average of +5.9% a year. The sharpest change came in the year to March 2022, when income rose by 273%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Science Technology and Research Institute of Delaware sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within DE. Charities of a similar size with the same main cause include Innovative Behaviorial Services Inc ($509k), Somosvc ($510k) and First Community Capital Inc ($509k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $30k (4.6% of expenses). Other salaries and wages came to $316k. At year end it held assets of $830k against liabilities of $221k, net assets of $609k. It reported 12 employees.