Delaware Academy Of Vocal Arts
EIN: 931339458 · Wilmington, DE · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $738K |
| Total Expenses | $97K |
| Net Assets | $-14,165 |
Is Delaware Academy Of Vocal Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Delaware Academy Of Vocal Arts
Delaware Academy Of Vocal Arts (EIN: 931339458) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A25. The organization reported total revenue of $738K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Academy Of Vocal Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Academy Of Vocal Arts is a small nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $97K |
| Surplus / Deficit | $-14,165 |
| Total Assets | $47K |
| Total Liabilities | $61K |
| Net Assets | $-14,165 |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 130.1% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2023, Delaware Academy Of Vocal Arts reported a deficit of $14K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 130.1% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware Academy Of Vocal Arts has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Academy Of Vocal Arts with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.1%.
Frequently Asked Questions about Delaware Academy Of Vocal Arts
Is Delaware Academy Of Vocal Arts a legitimate charity?
Delaware Academy Of Vocal Arts (EIN: 931339458) is a registered tax-exempt nonprofit based in Delaware. Total revenue: $738K. No red flags identified. Financial health grade: C.
How does Delaware Academy Of Vocal Arts spend its money?
Delaware Academy Of Vocal Arts reported $738K in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Delaware Academy Of Vocal Arts tax-deductible?
Delaware Academy Of Vocal Arts is registered as a tax-exempt nonprofit (EIN: 931339458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Academy Of Vocal Arts located?
Delaware Academy Of Vocal Arts is headquartered in Wilmington, Delaware and files with the IRS under EIN 931339458. It is classified under NTEE code A25.
Filing History
IRS 990 filing history for Delaware Academy Of Vocal Arts showing financial trends over 1 year of public records:
In its most recent filing year (2023), Delaware Academy Of Vocal Arts reported a deficit of $14K, with expenses exceeding revenue. The organization holds $61K in liabilities against $47K in assets (debt-to-asset ratio: 130.1%), resulting in net assets of $-14,165.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $97K | $47K | $61K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Academy Of Vocal Arts:
Data Sources and Methodology
This transparency report for Delaware Academy Of Vocal Arts is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.