Friends Of The Delaware Veterans Home Inc
Friends Of The Delaware Veterans Home Inc experiences significant year-to-year financial volatility with no reported officer compensation.
EIN: 203369554 · Dover, DE · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 70/100 |
Is Friends Of The Delaware Veterans Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Delaware Veterans Home Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Delaware Veterans Home Inc
Friends Of The Delaware Veterans Home Inc (EIN: 203369554) is a nonprofit organization based in Dover, DE, classified under NTEE code W30. The organization reported total revenue of $7K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Delaware Veterans Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Delaware Veterans Home Inc is a micro nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $3K |
| Surplus / Deficit | +$3K |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | 51.5% |
| Months of Reserves | 108.8 months |
Financial Health Grade: A
In 2023, Friends Of The Delaware Veterans Home Inc reported a surplus of $3K with revenue exceeding expenses, holds 108.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Friends Of The Delaware Veterans Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.3% | -99.4% | +13.2% |
| 2022 | -73.7% | +1023.8% | -94.7% |
| 2021 | +67.6% | +153.6% | +63.0% |
| 2020 | +32.8% | -56.6% | +69.7% |
| 2019 | +4041.6% | -10.6% | +56.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Friends Of The Delaware Veterans Home Inc with a Mission Score of 70 out of 100 (Good). 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, Friends Of The Delaware Veterans Home 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 $3K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly efficient in terms of executive pay relative to the organization's size and revenue.
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 Friends Of The Delaware Veterans Home Inc's IRS 990 filings:
- Extreme financial volatility with large deficits in some years (e.g., 2022 expenses $523,008 vs. revenue $61,687).
- Significant decline in assets from $486,970 in 2021 to $29,160 in 2023, indicating substantial asset utilization or loss.
Strengths
The following positive indicators were identified for Friends Of The Delaware Veterans Home Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership and efficient use of funds for executive pay.
- Maintains positive net assets despite financial fluctuations, demonstrating some level of financial resilience.
- Consistent IRS 990 filing history, indicating transparency and compliance.
Frequently Asked Questions about Friends Of The Delaware Veterans Home Inc
Is Friends Of The Delaware Veterans Home Inc a legitimate charity?
Friends Of The Delaware Veterans Home Inc (EIN: 203369554) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $7K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Friends Of The Delaware Veterans Home Inc spend its money?
Friends Of The Delaware Veterans Home Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Delaware Veterans Home Inc tax-deductible?
Friends Of The Delaware Veterans Home Inc is registered as a tax-exempt nonprofit (EIN: 203369554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Delaware Veterans Home Inc's spending goes to programs?
Friends Of The Delaware Veterans Home Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Delaware Veterans Home Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Friends Of The Delaware Veterans Home Inc is above average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Delaware Veterans Home Inc located?
Friends Of The Delaware Veterans Home Inc is headquartered in Dover, Delaware and files with the IRS under EIN 203369554. It is classified under NTEE code W30.
How many years of IRS 990 filings does Friends Of The Delaware Veterans Home Inc have?
Friends Of The Delaware Veterans Home Inc 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 $7K in total revenue.
What caused the significant expense spike in 2022 ($523,008) compared to revenue ($61,687)?
The provided data does not specify the nature of these expenses, but such a large deficit suggests a major program expenditure, asset purchase, or an unusual financial event that year.
How does the organization manage its financial volatility, particularly the large swings in revenue and expenses?
The data shows significant fluctuations, for example, revenue dropped from $234,727 in 2021 to $61,687 in 2022, and then to $6,627 in 2023. This suggests reliance on sporadic large donations or grants, or a changing operational model.
What is the specific breakdown of program services provided by the organization?
The NTEE code W30 indicates 'Veterans' organizations, but the summary data does not provide details on specific programs or services delivered.
Filing History
IRS 990 filing history for Friends Of The Delaware Veterans Home Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Friends Of The Delaware Veterans Home Inc's revenue has grown by 485.4%, moving from $1K to $7K. Total assets decreased by 84.9% over the same period, from $193K to $29K. Total functional expenses fell by 40.4%, from $5K to $3K. In its most recent filing year (2023), Friends Of The Delaware Veterans Home Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $3K | $29K | $0 | — | — |
| 2022 | $62K | $523K | $26K | $0 | — | — |
| 2021 | $235K | $47K | $487K | $0 | — | View 990 |
| 2020 | $140K | $18K | $299K | $0 | — | View 990 |
| 2019 | $105K | $42K | $176K | $0 | — | View 990 |
| 2018 | $3K | $47K | $113K | $0 | — | View 990 |
| 2017 | $9K | $9K | $158K | $0 | — | View 990 |
| 2016 | $5K | $6K | $158K | $0 | — | View 990 |
| 2015 | $5K | $4K | $154K | $0 | — | View 990 |
| 2014 | $32K | $8K | $211K | $0 | — | View 990 |
| 2013 | $7K | $3K | $188K | $0 | — | View 990 |
| 2011 | $1K | $5K | $193K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $3K, and assets of $29K (revenue -89.3% year-over-year).
- 2022: Revenue of $62K, expenses of $523K, and assets of $26K (revenue -73.7% year-over-year).
- 2021: Revenue of $235K, expenses of $47K, and assets of $487K (revenue +67.6% year-over-year).
- 2020: Revenue of $140K, expenses of $18K, and assets of $299K (revenue +32.8% year-over-year).
- 2019: Revenue of $105K, expenses of $42K, and assets of $176K (revenue +4041.6% year-over-year).
- 2018: Revenue of $3K, expenses of $47K, and assets of $113K (revenue -72.2% year-over-year).
- 2017: Revenue of $9K, expenses of $9K, and assets of $158K (revenue +103.3% year-over-year).
- 2016: Revenue of $5K, expenses of $6K, and assets of $158K (revenue -4.5% year-over-year).
- 2015: Revenue of $5K, expenses of $4K, and assets of $154K (revenue -85.2% year-over-year).
- 2014: Revenue of $32K, expenses of $8K, and assets of $211K (revenue +338.5% year-over-year).
- 2013: Revenue of $7K, expenses of $3K, and assets of $188K (revenue +541.7% year-over-year).
- 2011: Revenue of $1K, expenses of $5K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Delaware Veterans Home Inc:
Data Sources and Methodology
This transparency report for Friends Of The Delaware Veterans Home 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.