Dallas Arts District Foundation

Analysis

Dallas Arts District Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1984, 42 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 Arts District Foundation reported income of $771k and spending of $743k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $823k to $771k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 93% 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 Arts District Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Society to Preserve the Millvale Murals of Maxo Vanka ($771k), Players Circle Arts Center ($771k) and Junior Jazz Foundation ($771k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $176k (24% of expenses). Other salaries and wages came to $11k. At year end it held assets of $529k against liabilities of $0, net assets of $529k. It reported 2 employees.