Tarrant County Challenge Inc

Analysis

Tarrant County Challenge Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 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 May 2024, Tarrant County Challenge Inc reported income of $2.4m and spending of $2.2m, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.1m to $2.4m (+111%), an average of +20% a year. The sharpest change came in the year to May 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tarrant County Challenge Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Buffalo Prep Inc ($2.4m), Buddhist Ortho-Creed Association Dharma Seal Temple ($2.4m) and Friends to Parents ($2.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (5.3% of expenses). Other salaries and wages came to $514k. At year end it held assets of $2.0m against liabilities of $4,334, net assets of $2.0m. It reported 11 employees.