Dallas Makerspace

Analysis

Dallas Makerspace is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Dallas Makerspace reported income of $841k and spending of $949k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $841k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Makerspace sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Wow Childrens Museum World of Wonder Ltd ($841k), Southern Colorado Theatre Company ($841k) and Open Transformation Lab Inc ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. At year end it held assets of $1.1m against liabilities of $518k, net assets of $613k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.