Historic Southside Incorporated

Analysis

Historic Southside Incorporated is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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, Historic Southside Incorporated reported income of $609k and spending of $598k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $609k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Southside Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Lee Elderly Housing Corporation ($609k), Little League Baseball Inc ($609k) and Sea Level Montessori Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $191k against liabilities of $60k, net assets of $131k.