Midtown Dallas Inc

Analysis

Midtown Dallas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, Midtown Dallas Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $1.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midtown Dallas Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Peru Volunteer Ambulance Service Inc ($1.4m), Center for Common Sense in Science ($1.4m) and Precede Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $82k. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m. It reported 3 employees.