Forsyth Community PCC LLC

Analysis

Forsyth Community PCC LLC is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forsyth Community PCC LLC reported income of $350k and spending of $1.1m, spending 300% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $350k (+436%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 546% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forsyth Community PCC LLC sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include University of Arkansas Community College Rich Mountain Foundation ($350k), Kansas Farm Management Association S W ($350k) and Maker Effect Foundation Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $1.0m against liabilities of $288k, net assets of $716k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.