Delaware Rural Water Assoc
EIN: 510328726 · Milford, DE
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Net Assets | $388K |
Is Delaware Rural Water Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Delaware Rural Water Assoc
Delaware Rural Water Assoc (EIN: 510328726) is a nonprofit organization based in Milford, DE. The organization reported total revenue of $1.7M and total assets of $918K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Rural Water Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Rural Water Assoc is a mid-size nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-14,888 |
| Total Assets | $917K |
| Total Liabilities | $529K |
| Net Assets | $388K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 57.7% |
| Months of Reserves | 7.3 months |
Financial Health Grade: C
In 2023, Delaware Rural Water Assoc reported a deficit of $15K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Delaware Rural Water Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +10.1% | +0.8% |
| 2022 | +12.1% | +17.1% | -3.4% |
| 2020 | +19.1% | +18.4% | +23.8% |
| 2019 | +5.1% | +6.8% | +15.2% |
| 2018 | +8.6% | +10.0% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware Rural Water Assoc 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 Rural Water Assoc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.7%.
Frequently Asked Questions about Delaware Rural Water Assoc
Is Delaware Rural Water Assoc a legitimate charity?
Delaware Rural Water Assoc (EIN: 510328726) is a registered tax-exempt nonprofit based in Delaware. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: C.
How does Delaware Rural Water Assoc spend its money?
Delaware Rural Water Assoc reported $1.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Delaware Rural Water Assoc tax-deductible?
Delaware Rural Water Assoc is registered as a tax-exempt nonprofit (EIN: 510328726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Rural Water Assoc located?
Delaware Rural Water Assoc is headquartered in Milford, Delaware and files with the IRS under EIN 510328726.
How many years of IRS 990 filings does Delaware Rural Water Assoc have?
Delaware Rural Water Assoc has 12 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Delaware Rural Water Assoc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Delaware Rural Water Assoc's revenue has grown by 42.4%, moving from $1.1M to $1.5M. Total assets increased by 51.6% over the same period, from $605K to $917K. Total functional expenses rose by 59%, from $951K to $1.5M. In its most recent filing year (2023), Delaware Rural Water Assoc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $529K in liabilities against $917K in assets (debt-to-asset ratio: 57.7%), resulting in net assets of $388K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $917K | $529K | — | View 990 |
| 2022 | $1.4M | $1.4M | $909K | $507K | — | View 990 |
| 2020 | $1.2M | $1.2M | $941K | $514K | — | — |
| 2019 | $1.0M | $990K | $761K | $389K | — | View 990 |
| 2018 | $982K | $927K | $660K | $331K | — | View 990 |
| 2017 | $904K | $843K | $621K | $346K | — | View 990 |
| 2016 | $997K | $935K | $555K | $340K | — | View 990 |
| 2015 | $862K | $841K | $488K | $367K | — | View 990 |
| 2014 | $804K | $850K | $464K | $363K | — | View 990 |
| 2013 | $792K | $816K | $612K | $465K | — | View 990 |
| 2012 | $845K | $844K | $594K | $423K | — | View 990 |
| 2011 | $1.1M | $951K | $605K | $435K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $917K (revenue +8.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $909K (revenue +12.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $941K (revenue +19.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $990K, and assets of $761K (revenue +5.1% year-over-year).
- 2018: Revenue of $982K, expenses of $927K, and assets of $660K (revenue +8.6% year-over-year).
- 2017: Revenue of $904K, expenses of $843K, and assets of $621K (revenue -9.3% year-over-year).
- 2016: Revenue of $997K, expenses of $935K, and assets of $555K (revenue +15.7% year-over-year).
- 2015: Revenue of $862K, expenses of $841K, and assets of $488K (revenue +7.2% year-over-year).
- 2014: Revenue of $804K, expenses of $850K, and assets of $464K (revenue +1.5% year-over-year).
- 2013: Revenue of $792K, expenses of $816K, and assets of $612K (revenue -6.3% year-over-year).
- 2012: Revenue of $845K, expenses of $844K, and assets of $594K (revenue -19.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $951K, and assets of $605K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Rural Water Assoc:
Data Sources and Methodology
This transparency report for Delaware Rural Water Assoc 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.