Delaware Community Reinvestment Action

WILMINGTON, DE EIN: 51-0329119 Website

LED FOR 25 YEARS BY AN IMMIGRANT, ASIAN-AMERICAN WOMAN OF COLOR, DCRAC UNDERSTANDS THE CHALLENGES FACING DELAWARE'S UNDERSERVED COMMUNITY, WHICH IS STATEWIDE, MULTILINGUAL, ECONOMICALLY DISENFRANCHISED AND LARGELY MINORITY. OUR PURPOSE IS TO ADDRESS BARRIERS TO THE RACIAL WEALTH DIVIDE THAT LEAVES AN AVERAGE AMERICAN FAMILY OF COLOR WITH ONLY 16 CENTS FOR EVERY DOLLAR OWNED BY THE AVERAGE WHITE FAMILY. FOR MANY IN THE NONPROFIT WORLD, THERE IS ONE ASPECT THAT FEELS PAINFULLY FAMILIAR: ECONOMIC CRISIS. IN OUR 37 YEARS, WE FACED THE S&L/GULF WAR CRISIS OF 1990, THE DOT.COM/911 CRISIS OF 2001, THE 2008 MARKET CRASH. EVERY ECONOMIC TSUNAMI HITS BLACK AND BROWN COMMUNITIES IN DISPROPORTIONATE AND DEVASTATING WAYS. PIVOTING AND ADJUSTING TO NEW REALITIES IS THEREFORE SECOND NATURE TO US. WE SERVE A COMMUNITY THAT CANNOT HARNESS AN ARRAY OF RESOURCES, CAPABILITIES, AND INSTITUTIONAL SUPPORTS TO MOVE UP THE ECONOMIC LADDER WITH EASE.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$2.3M

-8.8% YoY

Annual Giving

$510K

+385.7% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$510K

+385.7% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$487K$975K$1M$2M20202021202220232024
Metric202420232022
Total Assets$2,284,739$2,504,428$2,405,248
Revenue$1,036,894$944,161$1,423,732
Expenses$1,261,935$844,286$1,133,277
Qualifying Distributions
Net Investment Income$54,065$27,739$19,211
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$224K$448K$671K$895K1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

STEPPING STONES COMMUNIT…$510K

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K2$100–250K1$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Delaware Community Reinvestment Action fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

RASHMI RANGANEXECUTIVE DIRECTOR$117KJACLYN QUINNDEPUTY DIRECTOR$114K

From 2024 filing

NameTitleHoursCompensation
ALBERT GRIFFITHCHAIR1
ERIC SMITHVICE CHAIR1
JOEL AMINDIRECTOR1
DR AUDREY BLUMEDIRECTOR FROM 3/241
ERIC EVANSDIRECTOR FROM 3/241
LILLIAN HARRISONDIRECTOR1
DARREN MOOREDIRECTOR1
LULY SANTOSDIRECTOR1
LISA SPELLMANDIRECTOR1
VERNON VASSALO ESQDIRECTOR1
RASHMI RANGANEXECUTIVE DIRECTOR40$116,781
JACLYN QUINNDEPUTY DIRECTOR40$113,877

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Wilmington

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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