Net Fort Worth Inc

Analysis

Net Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Net Fort Worth Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $622k to $1.5m (+143%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Net Fort Worth Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Maafa Redemption Project ($1.5m), Project Optimism ($1.5m) and Canterbury Enterprises Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $84k (5.4% of expenses). At year end it held assets of $2.0m against liabilities of $541k, net assets of $1.4m. It reported 30 employees.