Delaware Community Foundation
Delaware Community Foundation: Strong Asset Growth, but Transparency Lacking on Specific Program Spending
EIN: 222804785 · Wilmington, DE · NTEE: T310 · Updated: 2026-04-04
About Delaware Community Foundation
Delaware Community Foundation (EIN: 222804785) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T310. The organization reported total revenue of $79.8M and total assets of $346.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Community Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Delaware Community Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific figures for individual executives are not included in the summary financial filings.
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 Community Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown makes it difficult to assess the direct impact of funds.
- Absence of executive compensation details limits full financial transparency.
Strengths
The following positive indicators were identified for Delaware Community Foundation:
- Consistent growth in assets, reaching $347,152,846 in 2023.
- Significant revenue generation, with $37,470,416 reported in 2023.
- Strong liquidity with liabilities consistently lower than assets.
Frequently Asked Questions about Delaware Community Foundation
What does Delaware Community Foundation do?
Delaware Community Foundation is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Wilmington, Delaware. It is classified under NTEE code T310.
How much revenue does Delaware Community Foundation have?
Delaware Community Foundation reported total revenue of $79,761,966. Based on 13 IRS 990 filings on record.
What are Delaware Community Foundation's total assets?
Delaware Community Foundation holds total assets of $346,147,169 as reported in IRS 990 filings.
Where is Delaware Community Foundation located?
Delaware Community Foundation is based in Wilmington, Delaware.
What is Delaware Community Foundation's EIN?
Delaware Community Foundation's Employer Identification Number (EIN) is 222804785. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Delaware Community Foundation?
Delaware Community Foundation is classified under NTEE code T310 (Philanthropy, Voluntarism & Grantmaking).
Is Delaware Community Foundation a registered 501(c)(3)?
Yes, Delaware Community Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222804785.
Does Delaware Community Foundation file IRS Form 990?
Yes, Delaware Community Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Delaware Community Foundation's revenue in 2023?
In the 202306 filing period, Delaware Community Foundation reported total revenue of $37,470,416, total expenses of $36,088,293, and net assets of $347,152,846.
Is Delaware Community Foundation's revenue growing or declining?
Delaware Community Foundation's revenue is declining. Revenue went from $55,764,041 (202206) to $37,470,416 (202306), a -32.8% change. Based on 13 filings on record.
What is Delaware Community Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Delaware Community Foundation covers tax period 202306. It shows revenue of $37,470,416, expenses of $36,088,293, total assets of $347,152,846, and liabilities of $44,641,333.
How much does Delaware Community Foundation spend on programs vs administration?
Based on IRS 990 analysis, Delaware Community Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Delaware Community Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Delaware Community Foundation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Delaware Community Foundation?
The following concerns were identified: Lack of detailed program spending breakdown makes it difficult to assess the direct impact of funds.. Absence of executive compensation details limits full financial transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Delaware Community Foundation's strengths?
Positive indicators for Delaware Community Foundation include: Consistent growth in assets, reaching $347,152,846 in 2023.. Significant revenue generation, with $37,470,416 reported in 2023.. Strong liquidity with liabilities consistently lower than assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Delaware Community Foundation compensate executives?
Executive compensation cannot be assessed from the provided data as specific figures for individual executives are not included in the summary financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Delaware Community Foundation?
The organization's financial filings provide high-level revenue and expense data, but lack detailed breakdowns of program spending beyond broad categories. Specific grant recipient information or impact metrics are not readily available in the provided data. The filings do not clearly delineate the percentage of revenue directly allocated to specific community programs versus administrative overhead. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset base and revenue, how does the Delaware Community Foundation ensure its grant-making process is equitable and reaches diverse community needs across Delaware?
While the financial data shows significant resources, the provided information does not detail the grant-making process, specific programs funded, or the demographic reach of its initiatives. Further investigation into their annual reports or program descriptions would be necessary to answer this.
What strategies does the foundation employ to maintain consistent asset growth, especially during periods of economic fluctuation, as evidenced by varying revenue figures over the years?
The provided data indicates fluctuations in revenue (e.g., $92,895,086 in 2021 vs. $31,608,059 in 2020), yet assets have shown a general upward trend. This suggests effective investment management and potentially diverse funding streams, but the specific strategies are not detailed in the financial summaries.
Filing History
IRS 990 filing history for Delaware Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware Community Foundation's revenue has grown by 88.5%, moving from $19.9M to $37.5M. Total assets increased by 78.3% over the same period, from $194.7M to $347.2M. Total functional expenses rose by 188%, from $12.5M to $36.1M. In its most recent filing year (2023), Delaware Community Foundation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $44.6M in liabilities against $347.2M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $302.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $37.5M | $36.1M | $347.2M | $44.6M | — | View 990 |
| 2022 | $55.8M | $32.7M | $330.2M | $39.8M | — | View 990 |
| 2021 | $92.9M | $31.9M | $375.4M | $43.3M | — | View 990 |
| 2020 | $31.6M | $28.3M | $260.4M | $35.6M | — | View 990 |
| 2019 | $29.6M | $19.3M | $260.6M | $36.7M | — | View 990 |
| 2018 | $50.3M | $18.9M | $251.2M | $36.8M | — | View 990 |
| 2017 | $15.0M | $39.0M | $223.5M | $43.9M | — | View 990 |
| 2016 | $24.0M | $23.0M | $229.4M | $41.5M | — | View 990 |
| 2015 | $46.9M | $18.1M | $251.4M | $54.8M | — | View 990 |
| 2014 | $27.4M | $15.5M | $227.0M | $55.0M | — | View 990 |
| 2013 | $19.3M | $29.1M | $191.0M | $45.8M | — | View 990 |
| 2012 | $20.8M | $11.7M | $191.5M | $42.1M | — | View 990 |
| 2011 | $19.9M | $12.5M | $194.7M | $46.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.5M, expenses of $36.1M, and assets of $347.2M (revenue -32.8% year-over-year).
- 2022: Revenue of $55.8M, expenses of $32.7M, and assets of $330.2M (revenue -40.0% year-over-year).
- 2021: Revenue of $92.9M, expenses of $31.9M, and assets of $375.4M (revenue +193.9% year-over-year).
- 2020: Revenue of $31.6M, expenses of $28.3M, and assets of $260.4M (revenue +6.8% year-over-year).
- 2019: Revenue of $29.6M, expenses of $19.3M, and assets of $260.6M (revenue -41.1% year-over-year).
- 2018: Revenue of $50.3M, expenses of $18.9M, and assets of $251.2M (revenue +236.1% year-over-year).
- 2017: Revenue of $15.0M, expenses of $39.0M, and assets of $223.5M (revenue -37.7% year-over-year).
- 2016: Revenue of $24.0M, expenses of $23.0M, and assets of $229.4M (revenue -48.8% year-over-year).
- 2015: Revenue of $46.9M, expenses of $18.1M, and assets of $251.4M (revenue +71.2% year-over-year).
- 2014: Revenue of $27.4M, expenses of $15.5M, and assets of $227.0M (revenue +42.1% year-over-year).
- 2013: Revenue of $19.3M, expenses of $29.1M, and assets of $191.0M (revenue -7.2% year-over-year).
- 2012: Revenue of $20.8M, expenses of $11.7M, and assets of $191.5M (revenue +4.4% year-over-year).
- 2011: Revenue of $19.9M, expenses of $12.5M, and assets of $194.7M.
Data Sources and Methodology
This transparency report for Delaware Community Foundation 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.