Cristo Rey Fort Worth Catholic High School Inc

Analysis

Cristo Rey Fort Worth Catholic High School Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cristo Rey Fort Worth Catholic High School Inc reported income of $4.0m and spending of $5.6m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $4.0m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cristo Rey Fort Worth Catholic High School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include The Mahoning County High School ($4.0m), University Health Services Inc ($4.0m) and Griffin School Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $276k (5.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.7m against liabilities of $1.0m, net assets of $1.7m. It reported 72 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.