Forrestal Agricultural Corporation

Analysis

Forrestal Agricultural Corporation is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Forrestal Agricultural Corporation reported income of $58.7m and spending of $353.4m, spending 602% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $69.8m to $58.7m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2022, when income rose by 1188%. Over the whole period it spent 177% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forrestal Agricultural Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Stand Together Trust ($58.7m), Camino Nuevo Charter Academy ($58.7m) and Missouri Baptist University ($58.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

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.