Dallas City Homes Inc

Analysis

Dallas City Homes Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Dallas City Homes Inc reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.1m to $3.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2022, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dallas City Homes Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include FSL Management ($3.8m), American Family Services Foundation ($3.9m) and Covenant Living of Bixby Inc ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $120k (3.2% of expenses). Other salaries and wages came to $864k. At year end it held assets of $11.0m against liabilities of $9.7m, net assets of $1.2m. It reported 4 employees.