Forest City Entertainment Inc

Analysis

Forest City Entertainment Inc is a registered charity in United States, based in Forest City, IA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Entertainment Inc reported income of $61k and spending of $76k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $67k to $61k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 425%. Over the whole period it spent 116% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Forest City Entertainment Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Colonel Town Players of Lancaster Inc ($61k), Sustainable Technology Through Education and Ministry ($61k) and Oregon Cleft Lip and Craniofacial Organization ($61k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 66% of the total. Other salaries and wages came to $19k. At year end it held assets of $213k against liabilities of $19k, net assets of $194k. It reported 2 employees.