Dallas Music Network Inc

Analysis

Dallas Music Network Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2020, 6 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 December 2023, Dallas Music Network Inc reported income of $271k and spending of $253k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $423k to $271k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Music Network Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Childrens Museum of Branch County Inc ($271k), Noe Valley Chamber Music ($271k) and Hued Songs Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $213k against liabilities of $400, net assets of $212k.