Arlington Tomorrow Foundation

Analysis

Arlington Tomorrow Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in September 2008, 18 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 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 September 2023, Arlington Tomorrow Foundation reported income of $8.5m and spending of $2.1m, leaving 75% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.0m to $8.5m (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2021, when income rose by 253%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arlington Tomorrow Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Small Enterprise Assistance Funds ($8.5m), National Automatic Sprinkler Industry Apprentice and Training ($8.5m) and Rural America Initiatives ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $178k (8.3% of expenses). Other salaries and wages came to $11k. At year end it held assets of $90.8m against liabilities of $1.7m, net assets of $89.0m. It reported 2 employees.