The Dallas Prestige Group

Analysis

The Dallas Prestige Group is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, The Dallas Prestige Group reported income of $206k and spending of $219k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to August 2023, income fell from $338k to $206k (-39%), an average of -39% a year. The sharpest change came in the year to August 2023, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Dallas Prestige Group sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Keene Youth Hockey Club ($205k), Oroville Eagles Football and Cheer ($206k) and Communities That Care of Greater Downingtown ($205k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $134k. At year end it held assets of -$13k against liabilities of $0, net assets of -$13k. It reported 8 employees.