Forrester-Davis Development Center Inc

Analysis

Forrester-Davis Development Center Inc is a registered charity in United States, based in Clarksville, AR. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forrester-Davis Development Center Inc reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.6m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forrester-Davis Development Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AR. Charities of a similar size with the same main cause include City Seminary of New York ($3.6m), Advantage Arts Academy ($3.6m) and Milwaukee Math and Science Academy Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $82k (2.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.9m against liabilities of $133k, net assets of $4.7m. It reported 159 employees.