Optimist Club of Fort Worth Youth Fund Inc

Analysis

Optimist Club of Fort Worth Youth Fund Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Optimist Club of Fort Worth Youth Fund Inc reported income of $142k and spending of $117k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $123k to $142k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 84%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Optimist Club of Fort Worth Youth Fund Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Columbus Figure Skating Club Inc ($142k), Nebraska Womens Amateur Golf Association ($142k) and Chicago Police Football Team ($142k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $14k (12% of expenses). At year end it held assets of $122k against liabilities of $20k, net assets of $101k.