Delaware Black Chamber of Commerce Inc

Analysis

Delaware Black Chamber of Commerce Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2021, 5 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 Black Chamber of Commerce Inc reported income of $479k and spending of $463k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $489k to $479k (-2.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Delaware Black Chamber of Commerce Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Connectup Institute ($479k), Power of the Dream Inc ($479k) and Colorado Institute for Public Life ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $150k (32% of expenses). Other salaries and wages came to $54k. At year end it held assets of $208k against liabilities of $6,792, net assets of $202k. It reported 6 employees.