Prince Hall Charitable Foundation of Texas Inc

Analysis

Prince Hall Charitable Foundation of Texas Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Prince Hall Charitable Foundation of Texas Inc reported income of $79k and spending of $67k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $79k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Prince Hall Charitable Foundation of Texas Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Black Men in Training ($79k), Youth Power Coalition Inc ($79k) and Tarrant County Youth Collaboration ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 65% of the total. At year end it held assets of $204k against liabilities of $18k, net assets of $186k.