DFW Heavy Duty Foundation

Analysis

DFW Heavy Duty Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, DFW Heavy Duty Foundation reported income of $1.9m and spending of $882k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income grew from $654k to $1.9m (+187%), an average of +187% a year. The sharpest change came in the year to December 2019, when income rose by 187%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, DFW Heavy Duty Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Keokuk Area Community Foundation ($1.9m), Feeding the Soul Foundation ($1.9m) and Christian Health Care Center Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $177, net assets of $1.1m.