Forrest Spence Fund

Analysis

Forrest Spence Fund is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forrest Spence Fund reported income of $895k and spending of $792k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $622k to $895k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forrest Spence Fund sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Odessa Day Nursery ($895k), Skyline Camp and Conference Center ($895k) and Lifes Connection - Mukwonago Center Inc ($895k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $117k. At year end it held assets of $1.7m against liabilities of $200k, net assets of $1.5m. It reported 2 employees.