Tarrant County Academy of Medicine

Analysis

Tarrant County Academy of Medicine is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tarrant County Academy of Medicine reported income of $459k and spending of $606k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $459k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 173% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tarrant County Academy of Medicine sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Oped Project ($459k), Westbrook W Club Inc ($459k) and Kutztown Resource Management Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. Other salaries and wages came to $88k. It paid $32k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $249k, net assets of $4.7m.

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.