Allen County Fort Wayne Development Trust Inc

Analysis

Allen County Fort Wayne Development Trust Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, Allen County Fort Wayne Development Trust Inc reported income of $377k and spending of $106k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $377k (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 28551%. Over the whole period it spent 1.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allen County Fort Wayne Development Trust Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Camp Anderson Inc ($377k), New Horizon Emmaus Community Inc ($377k) and Crook County Foundation ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $113.9m against liabilities of $2.0m, net assets of $112.0m.