Start Fort Wayne Inc

Analysis

Start Fort Wayne Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in January 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Start Fort Wayne Inc reported income of $218k and spending of $177k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $255k to $218k (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Start Fort Wayne Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Forest Avenue District Management Association Inc ($218k), Grants Main Street Project ($219k) and Jeffersonville Main Street Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Other salaries and wages came to $28k. At year end it held assets of $119k against liabilities of $538, net assets of $119k. It reported 9 employees.