Fort Hood Region Economic Development Foundation

Analysis

Fort Hood Region Economic Development Foundation is a registered charity in United States, based in Killeen, TX. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 September 2023, Fort Hood Region Economic Development Foundation reported income of $625k and spending of $493k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $328k to $625k (+91%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 113%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fort Hood Region Economic Development Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include West Texas Electrical Joint Apprenticeship and Training Trust ($625k), Oregon Association of Area Agencies on Aging Inc ($625k) and Groundwork Somerville Inc ($625k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $128k against liabilities of $1,805, net assets of $126k.