Place of Forsyth County Inc

Analysis

Place of Forsyth County Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in November 1998, 28 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 June 2023, Place of Forsyth County Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.5m to $2.4m (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2023, when income dropped by 50%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Place of Forsyth County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include West Virginia Advocates Inc ($2.4m), Human Services Council Inc ($2.4m) and Community Center Association ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $60k (2.5% of expenses). Other salaries and wages came to $688k. At year end it held assets of $6.5m against liabilities of $110k, net assets of $6.4m. It reported 79 employees.