Fort Worth Chamber Development Foundation

Analysis

Fort Worth Chamber Development Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fort Worth Chamber Development Foundation reported income of $176k and spending of $1.4m, spending 790% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $176k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income rose by 461%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fort Worth Chamber Development Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Foundation for a Better Louisiana Fidelity National Bank Building ($176k), Thunder Cares ($176k) and Roanoke River Partners Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.