Is Delaware State University Foundation Inc Legit?
Quick charity verification for Delaware State University Foundation Inc (EIN: 201372435)
Verdict: Delaware State University Foundation Inc appears trustworthy
90/100Mission Score
$18.5MRevenue
$37.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent asset growth, from $18.6M in 2014 to $41.5M in 2023.
No reported officer compensation across all 13 filings, indicating high efficiency in executive spending.
Robust revenue generation, with a peak of $19M in 2022 and $14.7M in 2023.
Consistent positive operating margins in most years, such as $14.7M revenue vs $12M expenses in 2023.
Regular and extensive IRS 990 filing history (13 filings), demonstrating transparency.
Spending Breakdown
How Delaware State University Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Delaware State University Foundation Inc
Is Delaware State University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware State University Foundation Inc (EIN: 201372435) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Delaware State University Foundation Inc a good charity to donate to?
Delaware State University Foundation Inc has a Mission Score of 90/100. Revenue: $18.5M. Assets: $37.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Delaware State University Foundation Inc?
The Employer Identification Number (EIN) for Delaware State University Foundation Inc is 201372435. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Delaware State University Foundation Inc spend its money?
Delaware State University Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Delaware State University Foundation Inc's tax-exempt status?
You can verify Delaware State University Foundation Inc's tax-exempt status using EIN 201372435 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Delaware State University Foundation Inc. demonstrates a strong financial position, with its assets growing significantly from $18.6 million in 2014 to over $41.5 million in 2023. The organization consistently generates substantial revenue, reaching a peak of over $19 million in 2022 and maintaining a healthy $14.7 million in 2023. This robust revenue stream allows the foundation to support its mission effectively.
Spending efficiency appears to be a key strength, as evidenced by the consistent growth in assets relative to expenses. For instance, in 2023, the foundation reported $14.7 million in revenue against $12 million in expenses, indicating a positive operating margin. The absence of reported officer compensation across all filings suggests a commitment to directing resources towards programmatic goals rather than executive salaries, which is a positive indicator for donors.
While specific program spending percentages are not detailed in the provided data, the overall financial health, asset growth, and lack of officer compensation point towards a well-managed and transparent organization focused on its mission. The consistent filing of IRS 990s over 13 periods further reinforces its commitment to transparency.