Fort Worth Promotion and Development Fund

Analysis

Fort Worth Promotion and Development Fund is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fort Worth Promotion and Development Fund reported income of $283k and spending of $184k, leaving 35% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $300k to $283k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to September 2021, when income rose by 27536%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fort Worth Promotion and Development Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Springfield Avenue Partnership a New Jersey Non-Profit Corporation ($283k), Lubec Community Outreach Center Inc ($283k) and Economic Growth Connection of Westmoreland ($283k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 134% of the total. At year end it held assets of $1.1m against liabilities of $292k, net assets of $781k.