The Exchange Club of East Dallas Foundation Inc

Analysis

The Exchange Club of East Dallas Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, The Exchange Club of East Dallas Foundation Inc reported income of $292k and spending of $159k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $292k (-3.7%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Exchange Club of East Dallas Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include United Way of McPherson County Inc ($292k), Jamies Hope ($292k) and Down Syndrome Association of West Michigan Foundation ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $361k against liabilities of $0, net assets of $361k.