Forest at Duke Inc

Analysis

Forest at Duke Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Forest at Duke Inc reported income of $24.3m and spending of $29.3m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $26.8m to $24.3m (-9.1%), an average of -2.3% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forest at Duke Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Family Service of Rhode Island Inc ($24.3m), Trinity Woods Inc ($24.3m) and Covenant Living of Colorado ($24.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 112% of the total. Compensation of current officers, directors and key employees was $573k (2.0% of expenses). Other salaries and wages came to $10.5m. It paid $8,397 in professional fundraising fees. At year end it held assets of $146.4m against liabilities of $134.4m, net assets of $12.0m. It reported 393 employees.