Delaware College Scholars Inc

Analysis

Delaware College Scholars Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 College Scholars Inc reported income of $1.1m and spending of $1.4m, spending 120% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $253k to $1.1m (+354%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Delaware College Scholars Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Suncoast Youth for Christ Inc ($1.1m), Upriver Youth Leadership Council ($1.1m) and Adult and Teen Challenge of Arkansas Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $129k (9.4% of expenses). Other salaries and wages came to $279k. It paid $6,400 in professional fundraising fees. At year end it held assets of $297k against liabilities of $22k, net assets of $275k. It reported 26 employees.