American Sokol Organization-Sokol Fort Worth

Analysis

American Sokol Organization-Sokol Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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, American Sokol Organization-Sokol Fort Worth reported income of $272k and spending of $192k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $272k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Sokol Organization-Sokol Fort Worth sits at the 58th percentile: it is larger than about 58% 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 Rice Lake Hockey Association Inc ($272k), Sheboygan County Historical Research Center Inc ($272k) and St Johns Three ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. At year end it held assets of $234k against liabilities of $90k, net assets of $144k.