Forest Avenue Home and School Association

Analysis

Forest Avenue Home and School Association is a registered charity in United States, based in Glen Ridge, NJ. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Forest Avenue Home and School Association reported income of $105k and spending of $62k, leaving 41% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income fell from $207k to $105k (-49%), an average of -49% a year. The sharpest change came in the year to July 2023, when income dropped by 49%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forest Avenue Home and School Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Imagination Library of Grant County Inc ($105k), Navarre Beach Area Chamber of Commerce Foundation Inc ($105k) and Innovative Engineering Community Foundation ($105k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $85k against liabilities of $3,574, net assets of $82k.