Dallas Legacy Mission Inc

Analysis

Dallas Legacy Mission Inc is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in February 2022, 4 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, Dallas Legacy Mission Inc reported income of $95k and spending of $249k, spending 262% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.5m to $95k (-97%), an average of -70% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dallas Legacy Mission Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Heros Angels Corporation ($95k), Healthy Men ($95k) and Alive in Christ Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). It paid $5,000 in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $951, net assets of $2.8m. It reported 1 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.