Forest Meadows Building Corporation

Analysis

Forest Meadows Building Corporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forest Meadows Building Corporation reported income of $1.3m and spending of $1.5m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.3m (+0.4%), an average of +0.1% a year. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forest Meadows Building Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Carriers of Light ($1.3m), Economic Development Alliance of Skagit County Foundation ($1.3m) and Holy Family Academy Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $18.1m against liabilities of $21.4m, net assets of -$3.2m.

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.