Delaware College Preparatory Academy
Delaware College Preparatory Academy appears defunct with $0 revenue and assets, after years of operating deficits.
EIN: 208358688 · Wilmington, DE · Updated: 2026-03-28
Is Delaware College Preparatory Academy Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware College Preparatory Academy directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware College Preparatory Academy
Delaware College Preparatory Academy (EIN: 208358688) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware College Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware College Preparatory Academy is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2010–2016). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-197,743 |
| Total Assets | $3.0M |
| Total Liabilities | $4.4M |
| Net Assets | $-1,308,487 |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 143.0% |
| Months of Reserves | 14.1 months |
Financial Health Grade: C
In 2016, Delaware College Preparatory Academy reported a deficit of $198K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 143.0% (high leverage).
Financial Trends
Over 7 years of filings (2010–2016), Delaware College Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -3.3% | -0.2% | -3.5% |
| 2015 | -10.0% | -5.6% | -2.2% |
| 2014 | -3.0% | +0.0% | -2.4% |
| 2013 | -3.4% | -15.9% | -11.4% |
| 2012 | +13.4% | +33.2% | -7.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware College Preparatory Academy with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Delaware College Preparatory Academy allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $198K, with expenses exceeding revenue.
- Debt-to-asset ratio: 143.0%.
Executive Compensation Analysis
No officer compensation was reported across all available filings (2010-2016), which is unusual for an organization with annual expenses exceeding $2 million, suggesting either a volunteer leadership structure or that compensation was not categorized as 'officer compensation' in the provided summary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Delaware College Preparatory Academy's IRS 990 filings:
- Latest revenue and assets are $0, indicating potential cessation of operations.
- Consistent operating deficits, with expenses exceeding revenue in most reported years (e.g., 2016, 2015, 2014, 2012, 2010).
- Liabilities consistently exceeded assets, suggesting insolvency (e.g., $4,352,547 liabilities vs. $3,044,060 assets in 2016).
- No officer compensation reported despite significant operational expenses, which could indicate incomplete reporting or an unusual governance structure.
Strengths
The following positive indicators were identified for Delaware College Preparatory Academy:
- No reported officer compensation, which could indicate a commitment to minimizing administrative overhead if the organization was active.
Frequently Asked Questions about Delaware College Preparatory Academy
Is Delaware College Preparatory Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware College Preparatory Academy (EIN: 208358688) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does Delaware College Preparatory Academy spend its money?
Delaware College Preparatory Academy directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Delaware College Preparatory Academy tax-deductible?
Delaware College Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 208358688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Delaware College Preparatory Academy still operational?
Based on the latest reported revenue and assets of $0, it is highly probable that Delaware College Preparatory Academy is no longer operational.
What caused the consistent operating deficits?
The provided data shows that expenses frequently exceeded revenue, for example, in 2016, expenses were $2,594,566 while revenue was $2,396,823. This consistent pattern of spending more than it earned likely led to the deficits.
Why did liabilities consistently exceed assets?
The organization consistently reported higher liabilities than assets, such as $4,352,547 in liabilities versus $3,044,060 in assets in 2016. This indicates a precarious financial position where the organization's debts outweighed its resources.
Filing History
IRS 990 filing history for Delaware College Preparatory Academy showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2016), Delaware College Preparatory Academy's revenue has grown by 32.6%, moving from $1.8M to $2.4M. Total assets increased by 83.1% over the same period, from $1.7M to $3.0M. Total functional expenses rose by 18.2%, from $2.2M to $2.6M. In its most recent filing year (2016), Delaware College Preparatory Academy reported a deficit of $198K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $3.0M in assets (debt-to-asset ratio: 143.0%), resulting in net assets of $-1,308,487.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $2.4M | $2.6M | $3.0M | $4.4M | — | — |
| 2015 | $2.5M | $2.6M | $3.2M | $4.3M | — | View 990 |
| 2014 | $2.8M | $2.8M | $3.2M | $3.7M | — | View 990 |
| 2013 | $2.8M | $2.8M | $3.3M | $3.8M | — | — |
| 2012 | $2.9M | $3.3M | $3.7M | $4.0M | — | View 990 |
| 2011 | $2.6M | $2.5M | $4.0M | $3.9M | — | View 990 |
| 2010 | $1.8M | $2.2M | $1.7M | $1.7M | — | — |
Year-by-Year Financial Summary
- 2016: Revenue of $2.4M, expenses of $2.6M, and assets of $3.0M (revenue -3.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $3.2M (revenue -10.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $3.2M (revenue -3.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $3.3M (revenue -3.4% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.3M, and assets of $3.7M (revenue +13.4% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.5M, and assets of $4.0M (revenue +43.2% year-over-year).
- 2010: Revenue of $1.8M, expenses of $2.2M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware College Preparatory Academy:
Data Sources and Methodology
This transparency report for Delaware College Preparatory Academy 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.