Delaware Founders Initiative Inc
EIN: 813031301 · Wilmington, DE · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $73K |
| Net Assets | $1K |
Is Delaware Founders Initiative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Delaware Founders Initiative Inc
Delaware Founders Initiative Inc (EIN: 813031301) is a nonprofit organization based in Wilmington, DE, classified under NTEE code J22. The organization reported total revenue of $2K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Founders Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Founders Initiative Inc is a micro nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2018–2019). Revenue has grown at a compound annual rate of -98.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $73K |
| Surplus / Deficit | $-71,346 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | -4756.4% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2019, Delaware Founders Initiative Inc reported a deficit of $71K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2018–2019), Delaware Founders Initiative Inc's revenue has declined at a compound annual growth rate (CAGR) of -98.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -98.9% | +13.6% | -98.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware Founders Initiative Inc 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 Founders Initiative Inc 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
Frequently Asked Questions about Delaware Founders Initiative Inc
Is Delaware Founders Initiative Inc a legitimate charity?
Delaware Founders Initiative Inc (EIN: 813031301) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: C.
How does Delaware Founders Initiative Inc spend its money?
Delaware Founders Initiative Inc reported $2K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Delaware Founders Initiative Inc tax-deductible?
Delaware Founders Initiative Inc is registered as a tax-exempt nonprofit (EIN: 813031301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Founders Initiative Inc located?
Delaware Founders Initiative Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 813031301. It is classified under NTEE code J22.
How many years of IRS 990 filings does Delaware Founders Initiative Inc have?
Delaware Founders Initiative Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2K in total revenue.
Filing History
IRS 990 filing history for Delaware Founders Initiative Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2018–2019), Delaware Founders Initiative Inc's revenue has declined by 98.9%, moving from $135K to $2K. Total assets decreased by 98% over the same period, from $73K to $1K. Total functional expenses rose by 13.6%, from $64K to $73K. In its most recent filing year (2019), Delaware Founders Initiative Inc reported a deficit of $71K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $2K | $73K | $1K | $0 | — | — |
| 2018 | $135K | $64K | $73K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Founders Initiative Inc:
Data Sources and Methodology
This transparency report for Delaware Founders Initiative Inc 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.