Fair Park First

Analysis

Fair Park First is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Fair Park First reported income of $21.6m and spending of $19.7m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.0m to $21.6m (+210%), an average of +33% a year. The sharpest change came in the year to September 2020, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fair Park First sits at the 99th percentile: it is larger than about 99% 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 Kuow-Puget Sound Public Radio ($21.6m), Jacobs Pillow Dance Festival Inc ($21.6m) and Teach Inc ($21.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $188k (1.0% of expenses). Other salaries and wages came to $4.3m. It paid $313k in professional fundraising fees. At year end it held assets of $27.5m against liabilities of $20.5m, net assets of $7.0m.