Community Foundation of North Texas
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported a significant diversion of its assets during the year.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO STRENGTHEN THE COMMUNITY THROUGH CIVIC LEADERSHIP AND TO ENCOURAGE PHILANTHROPY BY PROVIDING COMMUNITY KNOWLEDGE AND RELIABLE STEWARDSHIP TO THOSE WHO WISH TO FULFILL THEIR CHARITABLE GOALS IN A MEANINGFUL WAY--EITHER DURING OR BEYOND THEIR LIFETIMES.
- Income
- $96.4 million
- Spending
- $56.3 million
- Spent on programs
- 95%
- Reserves
- 103.1 months of spending
- Largest source of income
- donations and private grants, 53%
- Employees
- 20
- Volunteers
- 73
- Highest pay
- $508,109, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 71% of charities in its peer group (philanthropy, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 103.1 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 42% of income.
Income trend
15 of 15Income rose 12% on the year before.
Spending floor
15 of 1595% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100. Higher than 20% of charities in its peer group (philanthropy, $10m to $100m).
Independent board
25 of 2524 of 24 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $53.4 million spent. COMMUNITY FOUNDATION OF NORTH TEXAS (CFNTX) EXTENDED RESOURCES TO OVER 852 AREA NON-PROFITS IN 2024. GRANTS AND SCHOLARSHIPS TOTALING OVER $45 MILLION HELPED A VARIETY OF ORGANIZATIONS FULFILL THEIR MISSIONS TO NORTH TEXAS AND OTHER AREAS. THE FOUNDATION AWARDED SCHOLARSHIPS TO 30 STUDENTS FOR UNIVERSITY EDUCATION. THE FOUNDATION AWARDS GRANTS FROM ITS VARIOUS FIELDS OF INTEREST AND UNRESTRICTED ENDOWMENTS; IN ADDITION, THROUGH DESIGNATED AND DONOR ADVISED FUNDS, THE FOUNDATION AWARDS GRANTS TO PUBLIC CHARITIES AND GOVERNMENTAL ENTITIES LOCALLY, STATEWIDE AND NATIONALLY ACCORDING TO THE CHARITABLE INTERESTS AND CONCERNS OF THE FUNDHOLDERS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1989.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.