Dallas Innovation Alliance

Analysis

Dallas Innovation Alliance is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2018, 8 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, Dallas Innovation Alliance reported income of $940k and spending of $1.2m, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $349k to $940k (+169%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 331%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dallas Innovation Alliance sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Detroit Blight Busters Inc ($940k), Endeavor Atlanta Inc ($941k) and Bradford County Action Inc ($940k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $148k (13% of expenses). Other salaries and wages came to $584k. At year end it held assets of $1.4m against liabilities of $180k, net assets of $1.3m. It reported 6 employees.