Dallas Center for the Performing Arts Foundation Inc

Analysis

Dallas Center for the Performing Arts Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Dallas Center for the Performing Arts Foundation Inc reported income of $24.0m and spending of $30.6m, spending 127% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $27.0m to $24.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to July 2022, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dallas Center for the Performing Arts Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Communtiy Foundation of the Holland Zeeland Area ($24.0m), United Way of Rhode Island Inc ($24.1m) and St Baldricks Foundation Inc ($23.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $775k (2.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $199.6m against liabilities of $76.1m, net assets of $123.5m. It reported 132 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.