Community Foundation of North Texas

Analysis

Community Foundation of North Texas is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of North Texas reported income of $86.3m and spending of $44.6m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.0m to $86.3m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of North Texas sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Mightycause Charitable Foundation ($86.3m), The James Family Charitable Trust ($86.7m) and Bright Funds Foundation ($85.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $1.1m (2.4% of expenses). Other salaries and wages came to $975k. At year end it held assets of $513.5m against liabilities of $13.1m, net assets of $500.4m. It reported 23 employees.