Dare 2

Analysis

Dare 2 is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dare 2 reported income of $23.6m and spending of $24.0m, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $18.0m to $23.6m (+31%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dare 2 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include West Alabama AIDS Outreach Inc ($23.5m), Catholic Charities of Tennessee Inc ($23.6m) and New Health Programs Association ($23.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $384k against liabilities of $149k, net assets of $235k.