Delaware Senior Olympics Inc
EIN: 510336946 · Dover, DE
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $99K |
| Net Assets | $119K |
Is Delaware Senior Olympics 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 Senior Olympics Inc
Delaware Senior Olympics Inc (EIN: 510336946) is a nonprofit organization based in Dover, DE. The organization reported total revenue of $105K and total assets of $133K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Senior Olympics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Senior Olympics Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $99K |
| Surplus / Deficit | $-16,956 |
| Total Assets | $123K |
| Total Liabilities | $4K |
| Net Assets | $119K |
| Operating Margin | -20.7% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 15.0 months |
Financial Health Grade: B
In 2023, Delaware Senior Olympics Inc reported a deficit of $17K with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Delaware Senior Olympics Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.2% | +2.2% | -14.7% |
| 2022 | +11.5% | +20.5% | +29.7% |
| 2021 | +36.6% | +10.5% | +11.1% |
| 2020 | -23.1% | -20.4% | -3.8% |
| 2019 | -27.5% | -0.7% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Delaware Senior Olympics 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 Senior Olympics 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Delaware Senior Olympics Inc
Is Delaware Senior Olympics Inc a legitimate charity?
Delaware Senior Olympics Inc (EIN: 510336946) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $105K. No red flags identified. Financial health grade: B.
How does Delaware Senior Olympics Inc spend its money?
Delaware Senior Olympics Inc reported $105K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Delaware Senior Olympics Inc tax-deductible?
Delaware Senior Olympics Inc is registered as a tax-exempt nonprofit (EIN: 510336946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware Senior Olympics Inc located?
Delaware Senior Olympics Inc is headquartered in Dover, Delaware and files with the IRS under EIN 510336946.
How many years of IRS 990 filings does Delaware Senior Olympics Inc have?
Delaware Senior Olympics Inc has 13 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 $105K in total revenue.
Filing History
IRS 990 filing history for Delaware Senior Olympics Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware Senior Olympics Inc's revenue has declined by 13.1%, moving from $94K to $82K. Total assets increased by 61.3% over the same period, from $77K to $123K. Total functional expenses rose by 11.7%, from $89K to $99K. In its most recent filing year (2023), Delaware Senior Olympics Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $4K in liabilities against $123K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $119K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $99K | $123K | $4K | — | — |
| 2022 | $105K | $97K | $145K | $9K | — | View 990 |
| 2021 | $94K | $80K | $112K | $3K | — | View 990 |
| 2020 | $69K | $73K | $100K | $6K | — | — |
| 2019 | $90K | $91K | $104K | $7K | — | View 990 |
| 2018 | $124K | $92K | $95K | $4K | — | View 990 |
| 2017 | $62K | $83K | $62K | $3K | — | View 990 |
| 2016 | $100K | $102K | $80K | $278 | — | View 990 |
| 2015 | $81K | $83K | $82K | $0 | — | View 990 |
| 2014 | $89K | $89K | $84K | $28 | — | View 990 |
| 2013 | $75K | $85K | $85K | $737 | — | View 990 |
| 2012 | $113K | $96K | $94K | $0 | — | View 990 |
| 2011 | $94K | $89K | $77K | $482 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $99K, and assets of $123K (revenue -22.2% year-over-year).
- 2022: Revenue of $105K, expenses of $97K, and assets of $145K (revenue +11.5% year-over-year).
- 2021: Revenue of $94K, expenses of $80K, and assets of $112K (revenue +36.6% year-over-year).
- 2020: Revenue of $69K, expenses of $73K, and assets of $100K (revenue -23.1% year-over-year).
- 2019: Revenue of $90K, expenses of $91K, and assets of $104K (revenue -27.5% year-over-year).
- 2018: Revenue of $124K, expenses of $92K, and assets of $95K (revenue +101.1% year-over-year).
- 2017: Revenue of $62K, expenses of $83K, and assets of $62K (revenue -38.5% year-over-year).
- 2016: Revenue of $100K, expenses of $102K, and assets of $80K (revenue +23.5% year-over-year).
- 2015: Revenue of $81K, expenses of $83K, and assets of $82K (revenue -9.1% year-over-year).
- 2014: Revenue of $89K, expenses of $89K, and assets of $84K (revenue +19.7% year-over-year).
- 2013: Revenue of $75K, expenses of $85K, and assets of $85K (revenue -34.2% year-over-year).
- 2012: Revenue of $113K, expenses of $96K, and assets of $94K (revenue +20.2% year-over-year).
- 2011: Revenue of $94K, expenses of $89K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Senior Olympics Inc:
Data Sources and Methodology
This transparency report for Delaware Senior Olympics 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.