Uptown Dallas Inc

Analysis

Uptown Dallas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Uptown Dallas Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.3m (+26%), an average of +5.8% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Uptown Dallas 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 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Lehigh Valley Economic Development Corporation ($3.3m), Region III Workforce Investment Board of Kanawha County ($3.3m) and Florida Opportunity Fund Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $146k (4.4% of expenses). Other salaries and wages came to $425k. At year end it held assets of $6.1m against liabilities of $4.0m, net assets of $2.1m. It reported 6 employees.