Forest City Education Foundation

Analysis

Forest City Education Foundation is a registered charity in United States, based in Forest City, IA. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2024, Forest City Education Foundation reported income of $731k and spending of $642k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $476k to $731k (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 119%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forest City Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within IA. Charities of a similar size with the same main cause include Southeast Florida Honor Flight Inc ($731k), Ruth Washburn Cooperative Nursery School ($731k) and Venture Academy Building Company ($731k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $48k. At year end it held assets of $3.4m against liabilities of $2,315, net assets of $3.4m. It reported 2 employees.