Presbyterian Village North Forefront Living

Analysis

Presbyterian Village North Forefront Living is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Presbyterian Village North Forefront Living reported income of $45.9m and spending of $55.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $50.3m to $45.9m (-8.8%), an average of -2.3% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Village North Forefront Living sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Friends Help a Friend the Helping Hands Foundation ($45.7m), Federation CCRC Operations Corp ($46.0m) and Montereau Inc ($44.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 95% of the total. Other salaries and wages came to $17.3m. At year end it held assets of $221.5m against liabilities of $241.4m, net assets of -$19.9m. It reported 609 employees.