Delaware Prosperity Partnership Inc

Analysis

Delaware Prosperity Partnership Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 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 December 2023, Delaware Prosperity Partnership Inc reported income of $2.9m and spending of $3.4m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.9m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware Prosperity Partnership Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Susquehanna Workforce Network Inc ($2.9m), 36 Degrees North Co ($2.9m) and Greater Baybrook Alliance Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $278k (8.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $647k, net assets of $2.6m. It reported 14 employees.