Daedalian Foundation

Analysis

Daedalian Foundation is a registered charity in United States, based in Jbsarandolph, TX. It received its IRS tax-exemption ruling in October 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daedalian Foundation reported income of $699k and spending of $1.0m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $699k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daedalian Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Friends of Washington Crossing Park ($699k), Park City Film Council ($699k) and Shriver Hall Concert Series Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 1.3% of the total. At year end it held assets of $4.0m against liabilities of $25k, net assets of $4.0m.