Forest Park Elderly Housing Inc

Analysis

Forest Park Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in March 2000, 26 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, Forest Park Elderly Housing Inc reported income of $545k and spending of $551k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $485k to $545k (+12%), an average of +3.9% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forest Park Elderly Housing Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Ifma Educational Foundation ($544k), Harbour Health ($545k) and Smile Inc ($544k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.9m against liabilities of $87k, net assets of $1.8m.

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.