Forest Park Senior Center Incorporated

Analysis

Forest Park Senior Center Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1987, 39 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 September 2023, Forest Park Senior Center Incorporated reported income of $200k and spending of $188k, spending 94% of its income. Across the 5 years on record, from September 2018 to September 2023, income fell from $259k to $200k (-22%), an average of -6.2% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forest Park Senior Center Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Peninsula Ball Foundation ($200k), Family and Faith Ministries ($200k) and East River Foster Parent Network ($200k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $12k (6.3% of expenses). Other salaries and wages came to $69k. At year end it held assets of $116k against liabilities of $102k, net assets of $14k. It reported 10 employees.