Arts Council of Fort Worth and Tarrant County Inc

Analysis

Arts Council of Fort Worth and Tarrant County Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 1964, 62 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arts Council of Fort Worth and Tarrant County Inc reported income of $1.9m and spending of $2.1m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $1.9m (-15%), an average of -3.9% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Fort Worth and Tarrant County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Whitney Institute ($1.9m), Chicago Youth Symphony Orchestras ($1.9m) and Michigan Technology Commercialization Corporation ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $256k (12% of expenses). Other salaries and wages came to $548k. At year end it held assets of $1.4m against liabilities of $344k, net assets of $1.1m. It reported 14 employees.