Multipurpose Arena Fort Worth

Analysis

Multipurpose Arena Fort Worth is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Multipurpose Arena Fort Worth reported income of $79.8m and spending of $68.8m, spending 86% of its income. Across the 6 years on record, from June 2019 to October 2023, income grew from $51k to $79.8m (+157647%), an average of +336% a year. The sharpest change came in the year to October 2020, when income rose by 392266%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Multipurpose Arena Fort Worth sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Mountain West Conference ($78.2m), Amery Regional Medical Center Inc ($81.9m) and State Fair of Texas ($77.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.4m (2.0% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $129.0m against liabilities of $131.6m, net assets of -$2.6m. It reported 1,535 employees.