The Development Corporation of Tarrant County

Analysis

The Development Corporation of Tarrant County is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Development Corporation of Tarrant County reported income of $2.0m and spending of $2.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $2.0m (+6146%), an average of +181% a year. The sharpest change came in the year to December 2020, when income rose by 2423%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Development Corporation of Tarrant County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Older Americans Satellite Housing Inc ($2.0m), 178th Street Housing Development Fund Corporation ($2.0m) and Division Housing Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $173k (7.5% of expenses). Other salaries and wages came to $124k. At year end it held assets of $14.7m against liabilities of $5.5m, net assets of $9.2m. It reported 3 employees.