Dallas Contemporary

Analysis

Dallas Contemporary is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1978, 48 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 Contemporary reported income of $2.5m and spending of $2.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 123% 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 Contemporary sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Movement Research Inc ($2.5m), Arts Council of Greater Baton Rouge Inc ($2.5m) and Psychoanalytic Electronic Publishing Inc Joint Venture ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $195k (7.6% of expenses). Other salaries and wages came to $508k. It paid $55k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $2.0m, net assets of $2.0m. It reported 20 employees.

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.