Dragonfly Capacity Development

Analysis

Dragonfly Capacity Development is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Dragonfly Capacity Development reported income of $360k and spending of $436k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $361k to $360k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dragonfly Capacity Development sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Umstead Coalition ($360k), Kendrick Gymnastics ($360k) and Rushmore Hockey and Skating Association ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $10k, net assets of $4,301.