Fashion Group Foundation of Dallas Inc

Analysis

Fashion Group Foundation of Dallas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Fashion Group Foundation of Dallas Inc reported income of $59k and spending of $28k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,476 to $59k (+1220%), an average of +1220% a year. The sharpest change came in the year to December 2023, when income rose by 1220%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fashion Group Foundation of Dallas Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Westerville Central Music Boosters Inc ($59k), Indiana Association for the Gifted ($59k) and Freedom and Recovery Services ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.