Dallas Symphony Foundation

Analysis

Dallas Symphony Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1977, 49 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Dallas Symphony Foundation reported income of $9.3m and spending of $9.2m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $8.1m to $9.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to May 2022, when income rose by 108%. Over the whole period it spent 121% 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 Symphony Foundation 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 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Grounds for Sculpture Inc ($9.2m), Sustainable Manufacturing Innovation Alliance Corp ($9.3m) and Santa Fe Institute ($9.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $137.4m against liabilities of $201k, net assets of $137.2m.