Delaware State University Foundation Inc
Delaware State University Foundation Inc. shows strong asset growth and no reported officer compensation over a decade.
EIN: 201372435 · Dover, DE · NTEE: B11 · Updated: 2026-03-28
Is Delaware State University Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware State University Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware State University Foundation Inc
Delaware State University Foundation Inc (EIN: 201372435) is a nonprofit organization based in Dover, DE, classified under NTEE code B11. The organization reported total revenue of $18.5M and total assets of $37.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware State University Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware State University Foundation Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $12.1M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $41.6M |
| Total Liabilities | $472K |
| Net Assets | $41.1M |
| Operating Margin | 18.4% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 41.3 months |
Financial Health Grade: A
In 2023, Delaware State University Foundation Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 41.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Delaware State University Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.5% | +38.1% | +11.4% |
| 2022 | +13.1% | +40.1% | +25.2% |
| 2021 | +148.6% | +4.4% | +97.0% |
| 2020 | +24.5% | -51.4% | +3.3% |
| 2019 | +24.8% | +152.1% | -31.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 State University Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Delaware State University Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The Delaware State University Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or compensation handled by an affiliated entity.
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 State University Foundation Inc:
- Strong and consistent asset growth, from $18.6M in 2014 to $41.5M in 2023.
- No reported officer compensation across all 13 filings, indicating high efficiency in executive spending.
- Robust revenue generation, with a peak of $19M in 2022 and $14.7M in 2023.
- Consistent positive operating margins in most years, such as $14.7M revenue vs $12M expenses in 2023.
- Regular and extensive IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Delaware State University Foundation Inc
Is Delaware State University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware State University Foundation Inc (EIN: 201372435) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Delaware State University Foundation Inc spend its money?
Delaware State University Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Delaware State University Foundation Inc tax-deductible?
Delaware State University Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201372435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Delaware State University Foundation Inc. a good charity?
Based on the provided data, the foundation appears to be a very good charity. It demonstrates strong financial health with significant asset growth (from $18.6M in 2014 to $41.5M in 2023), consistent revenue generation, and a notable absence of reported officer compensation, suggesting efficient use of funds for its mission.
How has the foundation's revenue trended over the past decade?
The foundation's revenue has shown significant growth and some volatility over the past decade, increasing from $3.4 million in 2014 to a peak of $19 million in 2022, and remaining strong at $14.7 million in 2023. This indicates a robust fundraising capacity.
What is the organization's asset growth like?
The organization has experienced substantial asset growth, more than doubling its assets from $18.6 million in 2014 to $41.5 million in 2023, indicating strong financial management and accumulation of resources to support its long-term mission.
Filing History
IRS 990 filing history for Delaware State University Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware State University Foundation Inc's revenue has grown by 549.9%, moving from $2.3M to $14.8M. Total assets increased by 153% over the same period, from $16.4M to $41.6M. Total functional expenses rose by 968.3%, from $1.1M to $12.1M. In its most recent filing year (2023), Delaware State University Foundation Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $472K in liabilities against $41.6M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $41.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $12.1M | $41.6M | $472K | — | View 990 |
| 2022 | $19.1M | $8.7M | $37.3M | $938K | — | View 990 |
| 2021 | $16.9M | $6.2M | $29.8M | $654K | — | View 990 |
| 2020 | $6.8M | $6.0M | $15.1M | $260K | — | View 990 |
| 2019 | $5.5M | $12.3M | $14.7M | $491K | — | View 990 |
| 2018 | $4.4M | $4.9M | $21.5M | $743K | — | — |
| 2017 | $3.5M | $3.7M | $21.1M | $427K | — | View 990 |
| 2016 | $3.4M | $3.6M | $20.7M | $687K | — | View 990 |
| 2015 | $5.4M | $1.8M | $21.0M | $592K | — | View 990 |
| 2014 | $3.4M | $2.3M | $18.6M | $657K | — | View 990 |
| 2013 | $1.9M | $1.8M | $16.4M | $641K | — | View 990 |
| 2012 | $1.9M | $1.7M | $15.6M | $521K | — | View 990 |
| 2011 | $2.3M | $1.1M | $16.4M | $586K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $12.1M, and assets of $41.6M (revenue -22.5% year-over-year).
- 2022: Revenue of $19.1M, expenses of $8.7M, and assets of $37.3M (revenue +13.1% year-over-year).
- 2021: Revenue of $16.9M, expenses of $6.2M, and assets of $29.8M (revenue +148.6% year-over-year).
- 2020: Revenue of $6.8M, expenses of $6.0M, and assets of $15.1M (revenue +24.5% year-over-year).
- 2019: Revenue of $5.5M, expenses of $12.3M, and assets of $14.7M (revenue +24.8% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.9M, and assets of $21.5M (revenue +23.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.7M, and assets of $21.1M (revenue +2.5% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.6M, and assets of $20.7M (revenue -36.6% year-over-year).
- 2015: Revenue of $5.4M, expenses of $1.8M, and assets of $21.0M (revenue +58.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.3M, and assets of $18.6M (revenue +83.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $16.4M (revenue -2.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.7M, and assets of $15.6M (revenue -15.6% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.1M, and assets of $16.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware State University Foundation Inc:
Data Sources and Methodology
This transparency report for Delaware State University 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.