Forestdale Inc

Analysis

Forestdale Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in March 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Forestdale Inc reported income of $39.9m and spending of $39.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $39.9m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forestdale Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include St Josephs Center ($39.9m), Waverly Heights ($39.9m) and Foulkeways at Gwynedd ($39.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.0m (2.6% of expenses). Other salaries and wages came to $17.0m. At year end it held assets of $34.8m against liabilities of $4.8m, net assets of $29.9m. It reported 379 employees.