Fort Worth Classic Guitar Society

Analysis

Fort Worth Classic Guitar Society is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Fort Worth Classic Guitar Society reported income of $78k and spending of $91k, spending 116% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $78k (-31%), an average of -31% a year. The sharpest change came in the year to June 2024, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Worth Classic Guitar Society sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Jackson Michigan Chorale ($78k), Whitefish Review Inc ($78k) and Pembina County Historical Society ($78k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $19k against liabilities of $46k, net assets of -$27k.