Dallas Express Media

Analysis

Dallas Express Media is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2021, 5 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 Express Media reported income of $468k and spending of $4.3m, spending 926% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $330k to $468k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 620% 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 Express Media sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Westfield Band Boosters Association Inc ($468k), Borderlight Festival ($468k) and Jewish Orthodox Feminist Alliance Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $135k (3.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $262k against liabilities of $7.2m, net assets of -$6.9m. It reported 42 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.