Dallas-Fort Worth Hospital Council Education and Research Foundation

Analysis

Dallas-Fort Worth Hospital Council Education and Research Foundation is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in December 1968, 58 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dallas-Fort Worth Hospital Council Education and Research Foundation reported income of $4.6m and spending of $4.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.6m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dallas-Fort Worth Hospital Council Education and Research Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Islamic Education Foundation of New Jersey Inc ($4.6m), Self Initiated Living Options Inc ($4.6m) and Diaspora Community Services Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $399k (9.4% of expenses). Other salaries and wages came to $759k. At year end it held assets of $9.1m against liabilities of $2.3m, net assets of $6.8m. It reported 9 employees.