Dallas Va Research Corporation

Analysis

Dallas Va Research Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Dallas Va Research Corporation reported income of $3.2m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $3.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dallas Va Research Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Texas Medical Center Foundation ($3.2m), American Academy of Sleep Medicine Foundation ($3.2m) and VCS Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $90k (2.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.3m against liabilities of $318k, net assets of $2.0m. It reported 50 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.