Fencing Institute of Texas

Analysis

Fencing Institute of Texas is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Fencing Institute of Texas reported income of $444k and spending of $407k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $444k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fencing Institute of Texas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Westside Basketball Club ($444k), Premier Vollyeball Club ($444k) and Police Athletic League of Clay County ($444k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $109k. At year end it held assets of $44k against liabilities of $25k, net assets of $19k. It reported 9 employees.