Forest Acres Inc

Analysis

Forest Acres Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Forest Acres Inc reported income of $211k and spending of $213k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $211k (+0.4%), an average of +0.1% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forest Acres Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Knots of Love Inc ($211k), Family Foundation Fund Inc ($211k) and Rice Foundation Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $286k against liabilities of $601k, net assets of -$315k.

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.