Forest Springs Inc

Analysis

Forest Springs Inc is a registered charity in United States, based in Great Barrington, MA. It received its IRS tax-exemption ruling in July 2019, 7 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, Forest Springs Inc reported income of $119k and spending of $197k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $119k (+1.2%), an average of +0.3% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forest Springs Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Resident Council Association of Greenwood Village South Inc ($119k), Refuge of Hope of Richmond ($120k) and New Century Center ($119k).

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 $3.2m against liabilities of $2.5m, net assets of $657k.

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.