Dale Jr Foundation

Analysis

Dale Jr Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dale Jr Foundation reported income of $1.1m and spending of $884k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $919k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dale Jr Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Lebanon Community Hospital Foundation Inc ($1.1m), The Education Foundation of Harris County ($1.1m) and Virginia Beach Billfish Tournament LLC ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $109k. At year end it held assets of $852k against liabilities of $84k, net assets of $768k. It reported 2 employees.