Fort Worth Community Arts Center

Analysis

Fort Worth Community Arts Center is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fort Worth Community Arts Center reported income of $1.2m and spending of $812k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $842k to $1.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2023, when income rose by 108%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Worth Community Arts Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Jazz Legacy Foundation Incorporated ($1.2m), Concerts in Motion Inc ($1.2m) and Myanmar Policy Institute ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $353k. At year end it held assets of $905k against liabilities of $290k, net assets of $616k. It reported 22 employees.