Womans Club of Fort Worth Inc

Analysis

Womans Club of Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 2021, 5 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 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 May 2023, Womans Club of Fort Worth Inc reported income of $798k and spending of $849k, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $696k to $798k (+15%), an average of +3.5% a year. The sharpest change came in the year to May 2022, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Womans Club of Fort Worth Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Culture Mill Inc ($797k), North Carolina Council on Economic Education ($798k) and Young at Art of Broward Inc ($797k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 19% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $82k (9.6% of expenses). Other salaries and wages came to $182k. At year end it held assets of $3.8m against liabilities of $372k, net assets of $3.4m. It reported 9 employees.