Donate Delaware Inc

Analysis

Donate Delaware Inc is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in October 2023, 3 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 2022, Donate Delaware Inc reported income of $2.8m and spending of $483k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $39k to $2.8m (+7159%), an average of +752% a year. The sharpest change came in the year to December 2022, when income rose by 2252%. Over the whole period it spent 20% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Donate Delaware 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 Greater Southwest Development Corporation ($2.8m), On Broadway Inc ($2.9m) and Manufacturers Edge ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.