Dallas Mission for Life Inc

Analysis

Dallas Mission for Life Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1995, 31 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 (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 Mission for Life Inc reported income of $8.7m and spending of $5.3m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $8.7m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dallas Mission for Life Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Path Ventures ($8.6m), Affordable Housing Network Inc ($8.7m) and Belmont Housing Resources for Wny Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $195k (3.6% of expenses). Other salaries and wages came to $1.6m. It paid $402k in professional fundraising fees. At year end it held assets of $15.3m against liabilities of $2.1m, net assets of $13.2m. It reported 130 employees.