Forrest Ministries Inc

Analysis

Forrest Ministries Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Forrest Ministries Inc reported income of $138k and spending of $139k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $155k to $138k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forrest Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Foundry Partners Inc ($138k), Kidology Inc ($138k) and Valores Culturales ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (22% of expenses). Other salaries and wages came to $30k. At year end it held assets of $76k against liabilities of $0, net assets of $76k. It reported 2 employees.