Forest City Food Collective

Analysis

Forest City Food Collective is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Forest City Food Collective reported income of $322k and spending of $195k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $322k (+213%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 278%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forest City Food Collective sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Rural Revitilization Corporation ($322k), 2523 Market Corp ($322k) and Tucson Values Teachers ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $52k (27% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $311k. It reported 11 employees.