Forgotten Soldiers Outreach Inc

Analysis

Forgotten Soldiers Outreach Inc is a registered charity in United States, based in LK Worth BCH, FL. It received its IRS tax-exemption ruling in January 2004, 22 years ago. 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, Forgotten Soldiers Outreach Inc reported income of $542k and spending of $557k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $769k to $542k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forgotten Soldiers Outreach Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Central Alabama Redevelopment Alliance ($542k), Upward Bound Camp for Persons with Special Needs Inc ($542k) and Con-Roc Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $94k (17% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.3m against liabilities of $1,712, net assets of $1.3m. It reported 5 employees.