Fort Worth Public Library Foundation

Analysis

Fort Worth Public Library Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 1994, 32 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, Fort Worth Public Library Foundation reported income of $812k and spending of $724k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $812k (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Worth Public Library Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Mary Welch Memorial Charitable Trust ($811k), Subway Cares Foundation Inc ($812k) and Lupus Foundation of America Greater Ohio Chapter Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $132k (18% of expenses). Other salaries and wages came to $232k. At year end it held assets of $1.9m against liabilities of $17k, net assets of $1.9m. It reported 7 employees.