Forsyth Development Foundation

Analysis

Forsyth Development Foundation is a registered charity in United States, based in Forsyth, MT. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Forsyth Development Foundation reported income of $444k and spending of $425k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $444k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forsyth Development Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MT. Charities of a similar size with the same main cause include Homeless Services United Inc ($443k), Syracuse YMCA Senior Citizenshousing Development Fund C ($444k) and Loudoun Serenity House ($443k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $669k, net assets of $738k.