Delaware Military Heritage And Education Foundation Inc
Delaware Military Heritage And Education Foundation Inc. shows strong asset growth and no executive compensation, but revenue fluctuates significantly.
EIN: 202467191 · Wilmington, DE · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $55K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $518K |
| Transparency Score | 85/100 |
Is Delaware Military Heritage And Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Military Heritage And Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware Military Heritage And Education Foundation Inc
Delaware Military Heritage And Education Foundation Inc (EIN: 202467191) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A80. The organization reported total revenue of $26K and total assets of $391K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Military Heritage And Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Military Heritage And Education Foundation Inc is a micro nonprofit that has been operating for 21 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $55K |
| Surplus / Deficit | +$294K |
| Total Assets | $518K |
| Net Assets | $518K |
| Operating Margin | 84.3% |
| Months of Reserves | 113.2 months |
Financial Health Grade: A
In 2023, Delaware Military Heritage And Education Foundation Inc reported a surplus of $294K with revenue exceeding expenses, holds 113.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2023), Delaware Military Heritage And Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +519.2% | -27.8% | +58.2% |
| 2014 | -43.6% | -40.6% | -12.3% |
| 2013 | +30.8% | +4.8% | -7.0% |
| 2012 | -78.9% | -29.8% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Military Heritage And Education Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Delaware Military Heritage And Education Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $294K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with assets reaching over $500,000.
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 Military Heritage And Education Foundation Inc's IRS 990 filings:
- Inconsistent revenue generation, with significant fluctuations between reporting periods (e.g., $362,238 in 2011 vs. $25,774 latest revenue).
- Periods where expenses exceeded revenue (e.g., 2014, 2013, 2012), indicating potential reliance on prior year surpluses or asset drawdowns.
Strengths
The following positive indicators were identified for Delaware Military Heritage And Education Foundation Inc:
- Strong financial solvency with consistently reported $0 liabilities across all filings.
- Healthy and growing asset base, reaching $518,476 in 2023.
- Zero reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
- Consistent IRS 990 filing history, demonstrating commitment to transparency.
Frequently Asked Questions about Delaware Military Heritage And Education Foundation Inc
Is Delaware Military Heritage And Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware Military Heritage And Education Foundation Inc (EIN: 202467191) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Delaware Military Heritage And Education Foundation Inc spend its money?
Delaware Military Heritage And Education Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Delaware Military Heritage And Education Foundation Inc tax-deductible?
Delaware Military Heritage And Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202467191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Delaware Military Heritage And Education Foundation Inc CEO make?
Delaware Military Heritage And Education Foundation Inc's highest-compensated officer earns $500,000. annually. The organization reported $26K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Delaware Military Heritage And Education Foundation Inc's spending goes to programs?
Delaware Military Heritage And Education Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Delaware Military Heritage And Education Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Delaware Military Heritage And Education Foundation Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Delaware Military Heritage And Education Foundation Inc located?
Delaware Military Heritage And Education Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 202467191. It is classified under NTEE code A80.
How many years of IRS 990 filings does Delaware Military Heritage And Education Foundation Inc have?
Delaware Military Heritage And Education Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $26K in total revenue.
Is Delaware Military Heritage And Education Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a financially sound organization with strong asset management ($518,476 in 2023) and no reported liabilities. The absence of officer compensation is a significant positive, suggesting a high dedication of resources to its mission. However, the fluctuating revenue and expense patterns suggest a need for consistent funding strategies.
How does the organization manage its assets and liabilities?
The organization consistently maintains a healthy asset base, growing to $518,476 in 2023, and reports $0 in liabilities across all filings. This indicates excellent financial solvency and responsible management of its financial position.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have fluctuated significantly. For example, revenue was $362,238 in 2011, dropped to $76,508 in 2012, and then surged to $349,391 in 2023. Expenses also varied, with periods where expenses exceeded revenue (e.g., 2014, 2013, 2012) and periods of significant surplus (e.g., 2023, 2011).
Filing History
IRS 990 filing history for Delaware Military Heritage And Education Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Delaware Military Heritage And Education Foundation Inc's revenue has declined by 3.5%, moving from $362K to $349K. Total assets increased by 16.8% over the same period, from $444K to $518K. Total functional expenses fell by 68.4%, from $174K to $55K. In its most recent filing year (2023), Delaware Military Heritage And Education Foundation Inc reported a surplus of $294K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $55K | $518K | $0 | — | — |
| 2014 | $56K | $76K | $328K | $0 | — | View 990 |
| 2013 | $100K | $128K | $374K | $0 | — | View 990 |
| 2012 | $77K | $122K | $402K | $0 | — | View 990 |
| 2011 | $362K | $174K | $444K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $55K, and assets of $518K (revenue +519.2% year-over-year).
- 2014: Revenue of $56K, expenses of $76K, and assets of $328K (revenue -43.6% year-over-year).
- 2013: Revenue of $100K, expenses of $128K, and assets of $374K (revenue +30.8% year-over-year).
- 2012: Revenue of $77K, expenses of $122K, and assets of $402K (revenue -78.9% year-over-year).
- 2011: Revenue of $362K, expenses of $174K, and assets of $444K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Military Heritage And Education Foundation Inc:
Data Sources and Methodology
This transparency report for Delaware Military Heritage And Education Foundation 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.