Forrest City Independent Living Center Inc

Analysis

Forrest City Independent Living Center Inc is a registered charity in United States, based in Forrest City, AR. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Forrest City Independent Living Center Inc reported income of $65k and spending of $88k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $49k to $65k (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forrest City Independent Living Center Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AR. Charities of a similar size with the same main cause include Maronde Life Management Housing Inc ($65k), Circus and Traveling Shows Retirement Project Inc ($65k) and Montello Affordable Housing Corporation ($65k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $779k against liabilities of $1.1m, net assets of -$345k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.