24hourdallas

Analysis

24hourdallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 24hourdallas reported income of $176k and spending of $85k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $176k (+558%), an average of +558% a year. The sharpest change came in the year to December 2023, when income rose by 558%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 24hourdallas sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Crossroads Outreach Center Inc ($176k), Northern Lights Building Company ($176k) and Northeast Educational Development Foundation ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.