Delaware Headstart Association Inc
Delaware Headstart Association Inc maintains stable assets and zero liabilities with volunteer leadership.
EIN: 20568983 · Wilmington, DE · NTEE: B80 · Updated: 2026-03-28
Is Delaware Headstart Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Headstart Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware Headstart Association Inc
Delaware Headstart Association Inc (EIN: 20568983) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B80. The organization reported total revenue of $63K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Headstart Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Headstart Association Inc is a micro nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $18K |
| Surplus / Deficit | +$7K |
| Total Assets | $136K |
| Net Assets | $136K |
| Operating Margin | 27.5% |
| Months of Reserves | 89.2 months |
Financial Health Grade: A
In 2023, Delaware Headstart Association Inc reported a surplus of $7K with revenue exceeding expenses, holds 89.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Delaware Headstart Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +47.2% | +5.4% |
| 2022 | +32.8% | -47.6% | +8.5% |
| 2021 | -54.5% | -25.6% | -5.4% |
| 2020 | -49.7% | -49.8% | +4.5% |
| 2019 | +42.3% | -30.5% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Headstart Association Inc with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Delaware Headstart Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly unusual for an organization with assets over $100,000 and suggests a strong commitment to directing all financial resources towards its mission.
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.
Strengths
The following positive indicators were identified for Delaware Headstart Association Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and low administrative costs.
- Zero reported liabilities across all recent filings, demonstrating strong financial health and low debt.
- Steady growth in assets from $120,213 in 2019 to $135,848 in 2023, reflecting sound financial management.
- Consistent filing of IRS Form 990s over 13 periods, indicating a commitment to transparency.
- Expenses generally well-managed within revenue, as seen in 2023 with $25,208 revenue and $18,274 expenses.
Frequently Asked Questions about Delaware Headstart Association Inc
Is Delaware Headstart Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware Headstart Association Inc (EIN: 20568983) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Delaware Headstart Association Inc spend its money?
Delaware Headstart Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Delaware Headstart Association Inc tax-deductible?
Delaware Headstart Association Inc is registered as a tax-exempt nonprofit (EIN: 20568983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Delaware Headstart Association Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership roles are filled by volunteers, which significantly reduces administrative overhead and allows more funds to be allocated to program services. This is a notable strength for a nonprofit of its size.
What is the primary source of revenue for Delaware Headstart Association Inc?
While the filings provide revenue figures, they do not detail the specific sources (e.g., grants, donations, program service fees). Further investigation into the full 990 forms would be needed to identify the primary revenue streams.
How does the organization's asset growth compare to its revenue fluctuations?
Despite revenue fluctuations (e.g., $73,999 in 2019 down to $25,208 in 2023), the organization's assets have shown a general upward trend, from $120,213 in 2019 to $135,848 in 2023, indicating effective financial management and retention of resources.
Filing History
IRS 990 filing history for Delaware Headstart Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware Headstart Association Inc's revenue has declined by 5.4%, moving from $27K to $25K. Total assets increased by 65.7% over the same period, from $82K to $136K. Total functional expenses fell by 23.1%, from $24K to $18K. In its most recent filing year (2023), Delaware Headstart Association Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $18K | $136K | $0 | — | View 990 |
| 2022 | $22K | $12K | $129K | $0 | — | View 990 |
| 2021 | $17K | $24K | $119K | $0 | — | View 990 |
| 2020 | $37K | $32K | $126K | $0 | — | View 990 |
| 2019 | $74K | $63K | $120K | $0 | — | View 990 |
| 2018 | $52K | $91K | $110K | $0 | — | View 990 |
| 2017 | $53K | $32K | $149K | $0 | — | View 990 |
| 2016 | $85K | $67K | $127K | $0 | — | View 990 |
| 2015 | $74K | $54K | $110K | $0 | — | View 990 |
| 2014 | $62K | $60K | $133K | $43K | — | View 990 |
| 2013 | $65K | $73K | $89K | $0 | — | View 990 |
| 2012 | $82K | $68K | $97K | $0 | — | View 990 |
| 2011 | $27K | $24K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $18K, and assets of $136K (revenue +12.1% year-over-year).
- 2022: Revenue of $22K, expenses of $12K, and assets of $129K (revenue +32.8% year-over-year).
- 2021: Revenue of $17K, expenses of $24K, and assets of $119K (revenue -54.5% year-over-year).
- 2020: Revenue of $37K, expenses of $32K, and assets of $126K (revenue -49.7% year-over-year).
- 2019: Revenue of $74K, expenses of $63K, and assets of $120K (revenue +42.3% year-over-year).
- 2018: Revenue of $52K, expenses of $91K, and assets of $110K (revenue -2.4% year-over-year).
- 2017: Revenue of $53K, expenses of $32K, and assets of $149K (revenue -37.0% year-over-year).
- 2016: Revenue of $85K, expenses of $67K, and assets of $127K (revenue +14.0% year-over-year).
- 2015: Revenue of $74K, expenses of $54K, and assets of $110K (revenue +20.0% year-over-year).
- 2014: Revenue of $62K, expenses of $60K, and assets of $133K (revenue -4.5% year-over-year).
- 2013: Revenue of $65K, expenses of $73K, and assets of $89K (revenue -21.2% year-over-year).
- 2012: Revenue of $82K, expenses of $68K, and assets of $97K (revenue +208.5% year-over-year).
- 2011: Revenue of $27K, expenses of $24K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Headstart Association Inc:
Data Sources and Methodology
This transparency report for Delaware Headstart Association 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.