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Multipurpose Arena Fort Worth

EIN 81-2774292 · Fort Worth, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair57 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

MULTIPURPOSE ARENA FORT WORTH IS ORGANIZED AND OPERATED FOR THE PURPOSES OF LESSENING THE BURDENS OF THE CITY OF FORT WORTH, TEXAS, AND ENCOURAGING AGRICULTURAL PURSUITS BY MANAGING, OPERATING AND OTHERWISE SUPPORTING THE OPERATION OF FACILITIES OWNED BY THE CITY.

Income
$94.8 million
Spending
$68.5 million
Spent on programs
95%
Reserves
1.6 months of spending
Largest source of income
fees for its services, 82%
Employees
2,421
Volunteers
0
Highest pay
$836,665, president

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 57 out of 100. Higher than 22% of charities in its peer group (recreation and sports, $10m to $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.6 months of spending.

  • Debt

    2 of 20

    It owes 77% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 46% of charities in its peer group (recreation and sports, $10m to $100m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending October 31, 2025, 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)
  1. $65.1 million spent. MULTIPURPOSE ARENA FORT WORTH IS ORGANIZED AND OPERATED FOR THE PURPOSES OF LESSENING THE BURDENS OF THE CITY OF FORT WORTH, TEXAS, AND ENCOURAGING AGRICULTURAL PURSUITS, AND TO DO SO WITHOUT UNDUE FINANCIAL COSTS OR RISKS TO THE CITY AND ITS RESIDENTS. SPECIFICALLY, THE CORPORATION LEASES, MANAGES AND OPERATES THE CITY OWNED MULTIPURPOSE ARENA THAT OPENED IN OCTOBER 2019 ADJACENT TO THE WILL ROGERS MEMORIAL CENTER OF FORT WORTH. IN ADDITION, THE CORPORATION MAY ALSO MANAGE, OPERATE, AND/OR OTHERWISE SUPPORT THE OPERATION OF OTHER FACILITIES ADJACENT TO THE MULTIPURPOSE ARENA, INCLUDING GARAGE AND SURFACE PARKING FACILITIES AND WILL ROGERS MEMORIAL CENTER FACILITIES, AS WELL AS OTHER FACILITIES OWNED BY EVENT FACILITIES FORT WORTH, INC., A 501(C)(3) ORGANIZATION, AND BY THE CITY OF FORT WORTH.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending October 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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.