Fort Worth Colonial Charities Inc

Analysis

Fort Worth Colonial Charities 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 unknown, which this site groups under other charitable purposes. 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, Fort Worth Colonial Charities Inc reported income of $740k and spending of $942k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $740k (+94%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Worth Colonial Charities Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include SC School for the Deaf and the Blind Foundation Inc ($740k), Saint Ann School Foundation Inc ($740k) and Nikki Mitchell Foundation Inc ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 5.1% of the total. At year end it held assets of $529k against liabilities of $32k, net assets of $497k.