Fort Worth Art Association Endowment Foundation

Analysis

Fort Worth Art Association Endowment Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 2013, 13 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fort Worth Art Association Endowment Foundation reported income of $39.2m and spending of $8.2m, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $39.2m (+467%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 416%. Over the whole period it spent 52% 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 Art Association Endowment Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Window to the World Communications Inc ($39.1m), Detroit Symphony Orchestra Hall Inc ($39.2m) and Houston Ballet Foundation ($38.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $183.7m against liabilities of $3.5m, net assets of $180.2m.