Forster Woods Adult Day Services

Analysis

Forster Woods Adult Day Services is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Forster Woods Adult Day Services reported income of $987k and spending of $953k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $841k to $987k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forster Woods Adult Day Services sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Ms Travis Learning Center Inc ($987k), The Society of St Vincent de Paul St Joseph Conference West Branch ($988k) and Vna Apartments Inc ($987k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Other salaries and wages came to $747k. At year end it held assets of $304k against liabilities of $374, net assets of $303k. It reported 49 employees.