Dallas Art Fair Foundation

Analysis

Dallas Art Fair Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Dallas Art Fair Foundation reported income of $171k and spending of $199k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $300k to $171k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 449%. Over the whole period it spent 112% 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 Art Fair Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Thibodaux Playhouse Inc ($171k), Lumina Youth Choirs Inc ($171k) and Stars of Tomorrow Project Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 91% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.

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.