Cowtown Marathon Inc

Analysis

Cowtown Marathon Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Cowtown Marathon Inc reported income of $2.4m and spending of $2.3m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.1m to $2.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to March 2022, when income rose by 152%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cowtown Marathon Inc sits at the 97th percentile: it is larger than about 97% 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 Downstate Juniors VBC Inc ($2.4m), Colorado Springs Amateur Hockey ($2.4m) and Berkshire South Regional Community ($2.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $157k (6.9% of expenses). Other salaries and wages came to $293k. At year end it held assets of $1.2m against liabilities of $60k, net assets of $1.1m. It reported 16 employees.