Home › Community improvement & capacity building
Delaware River Waterfront Corporation
Delaware River Waterfront Corporation reported $18.4 million in revenue and $19.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.29 went to program services, $12.56 to management and general costs and $2.15 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.6% of the total. Government grants made up 34.1%. The highest compensation it reported for one person was $373,954 (PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue fell 28% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.3% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.6% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 34.1% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 34.1% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.6% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $373,954 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.90% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.7 | 9.2 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDrwc is dedicated to the planning, design, development and management of the central Delaware River Waterfront in philadelphia, defined as the six-mile stretch of the central delaware, which is the area defined by orgon avenue in the south of allegheny avenue in the north and from I-95 to the Delaware River. The goal of drwc is to effectuate over time the transformation of the central Delaware River Waterfront into a vibrant destination location for the recreational, cultural, port/industrial and commercial activities of philadelphia's residents, workers and visitors
Drwc remains steadfast in its commitment to free public programing on the waterfront at penn's landing. All events produced by drwc are free to the public. The river stage hosted a variety of national artists in the rock, jazz, gospel and classical genres and also was able to accommodate the full philadelphia orchestra. Penn's landing continues to serve as a featured location for the city's independence day celebration, hosting high profile waterfront concert with fireworks. The summer program season included different multicultural series celebrating the rich diversity of the greater…
Drwc engages in a variety of activities in support of its mission, on behalf of the city, of maintaining and promoting the use and development of city's central waterfront, which includes "blue ross river rink" at penn's landing. It is a standard olympic regulations size ice rink, during the winter and turned into a roller-skating rink in the summer, open to the public as a recreational and educational arena. Sled skating lessons are available for disabled children. The rink is operation of these skating rinks relieves the city of from having to operate the public arena, which it would…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.0 hrs/week | $310,426 | $0 | $63,528 | $373,954 |
| EXECUTIVE VICE PRESIDENT Highest compensated employee, 40.0 hrs/week | $189,821 | $0 | $52,821 | $242,642 |
| CHIEF FINANCIAL OFFICER Officer, 40.0 hrs/week | $162,977 | $0 | $25,233 | $188,210 |
| VICE PRESIDENT-OPERATIONS Highest compensated employee, 40.0 hrs/week | $131,231 | $0 | $24,690 | $155,921 |
| VICE PRESIDENT - OPERATIONS Highest compensated employee, 40.0 hrs/week | $125,820 | $0 | $23,789 | $149,609 |
5 people received more than $100,000 in reportable compensation from Delaware River Waterfront Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $815K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5304
- Volunteers Part I, line 616
Private foundation grants it received
3 private foundations reported grants to Delaware River Waterfront Corporation totaling $110K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Delaware River Waterfront Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Delaware River Waterfront Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Delaware River Waterfront Corporation spent in FY2025, $85.29 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Charitable Ventures of Orange CountySanta Ana, CA · revenue $18M · programs 82.9% · 2025
- Inner-City Muslim Action NetworkChicago, IL · revenue $18M · programs 66.2% · 2024
- Historic Portland Public Market FoundationPortland, OR · revenue $18M · programs 45.1% · 2025
- Genesis LA Economic Growth CorporationLos Angeles, CA · revenue $19M · programs 93.2% · 2025
- CrosspurposeDenver, CO · revenue $18M · programs 75.3% · 2024
All community improvement & capacity building charities · Largest charities in Pennsylvania
Questions people ask
How much of Delaware River Waterfront Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Delaware River Waterfront Corporation reported that 85.3% of its $19.7 million in expenses went to program services, 12.6% to management and general and 2.1% to fundraising (Form 990, Part IX).
How much does Delaware River Waterfront Corporation pay its top executive?
The largest total compensation Delaware River Waterfront Corporation reported for one person in the fiscal year ending June 30, 2025 was $373,954, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Delaware River Waterfront Corporation get its money?
Of $18.4 million in revenue in the fiscal year ending June 30, 2025, 34.1% came from contributions and grants (including 34.1% from government grants) and 56.6% from program service revenue (Form 990, Part VIII).
Is Delaware River Waterfront Corporation a registered charity?
The IRS lists EIN 23-1734559 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601249349301720 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500789349300430 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401309349303025 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349302800 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349306576 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131259349302643 · read the filing
All filings for EIN 23-1734559: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.