Raindrop of Dallas

Analysis

Raindrop of Dallas is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Raindrop of Dallas reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.3m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raindrop of Dallas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Capital Pride Alliance Incorporated ($2.3m), Center for Rural Strategies Inc ($2.3m) and Allaire Comm Farm a NJ Nonprofit Corporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $73k (3.1% of expenses). Other salaries and wages came to $830k. At year end it held assets of $1.4m against liabilities of $845k, net assets of $581k. It reported 24 employees.