Dax Foundation Inc

Analysis

Dax Foundation Inc is a registered charity in United States, based in Spearman, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Dax Foundation Inc reported income of $182k and spending of $108k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $182k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dax Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Isa117 Ministries ($182k), New York Architects Regatta Foundation Ltd ($182k) and Bernardsville Library Foundation Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.