Downtown Fort Worth Initiatives Inc

Analysis

Downtown Fort Worth Initiatives Inc 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 community improvement and capacity building, which this site groups under community and economic development. 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, Downtown Fort Worth Initiatives Inc reported income of $7.9m and spending of $3.0m, leaving 62% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $7.9m (+242%), an average of +36% a year. The sharpest change came in the year to September 2022, when income rose by 185%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Fort Worth Initiatives Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Vocational Training Center Inc ($7.9m), Burning Glass Institute ($7.9m) and Minnesota Continuing Legal Education ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. At year end it held assets of $8.7m against liabilities of $290k, net assets of $8.4m.