Detv Foundation

Analysis

Detv Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detv Foundation reported income of $412k and spending of $880k, spending 214% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $412k (-67%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Detv Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 61st percentile within DE. Charities of a similar size with the same main cause include The Arts Partnership of the Red River Valley ($412k), National Association for Shoplifting Prevention Inc ($412k) and Austin Shakespeare Festival Co Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $3,846 (0.4% of expenses). Other salaries and wages came to $78k. It paid $4,850 in professional fundraising fees. At year end it held assets of $282k against liabilities of $25k, net assets of $257k. It reported 7 employees.