Forest Glen Inc

Analysis

Forest Glen Inc is a registered charity in United States, based in Huntsville, TX. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2022, Forest Glen Inc reported income of $3.2m and spending of $3.2m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.2m to $3.2m (-24%), an average of -8.9% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forest Glen Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Wheatland Township Athletic Association Inc ($3.2m), Cincinnati Parks Foundation ($3.2m) and Salinas Valley Fair Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $153k (4.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.1m against liabilities of $653k, net assets of $5.4m. It reported 120 employees.