Quality of Life Foundation for Metropolitan Dallas

Analysis

Quality of Life Foundation for Metropolitan Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Quality of Life Foundation for Metropolitan Dallas reported income of $729k and spending of $594k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $727k to $729k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Quality of Life Foundation for Metropolitan Dallas sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Landfall Foundation Inc ($727k), Parks Foundation of Highland Park ($729k) and Wentworth Military Academy Museum Endowment ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. At year end it held assets of $240k against liabilities of $4,789, net assets of $235k.