Dallas Life Support Corporation

Analysis

Dallas Life Support Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dallas Life Support Corporation reported income of $362k and spending of $870k, spending 240% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $9.6m to $362k (-96%), an average of -66% a year. The sharpest change came in the year to December 2022, when income rose by 467%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dallas Life Support Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Optage Inc ($362k), The Open Shelter Inc ($362k) and Jawonio Residential Opportunities III Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $11.1m against liabilities of $10.4m, net assets of $676k.

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.