Maple Avenue Economic Development Corporation of Dallas

Analysis

Maple Avenue Economic Development Corporation of Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, Maple Avenue Economic Development Corporation of Dallas reported income of $3.8m and spending of $4.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.8m (+23%), an average of +5.4% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maple Avenue Economic Development Corporation of Dallas sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include The George G Glenner Alzheimers Fam Ily Centers Incorporated ($3.8m), Gulf Coast Center for Nonviolence Inc ($3.8m) and Pennsylvania College of Technology Foundation Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.3m against liabilities of $21.7m, net assets of -$10.4m.

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.