Historic Fort Worth Inc

Analysis

Historic Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 1969, 57 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, Historic Fort Worth Inc reported income of $603k and spending of $503k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $987k to $603k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Fort Worth Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Perlan Project Inc ($603k), Musica Angelica ($603k) and Opera Modesto Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $50k (9.9% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.4m against liabilities of $16k, net assets of $1.4m. It reported 15 employees.