Forest Park Project Inc

Analysis

Forest Park Project Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in December 2022, 4 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 Park Project Inc reported income of $60k and spending of $29k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $60k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forest Park Project Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Dima III Inc ($60k), Deland Development Corporation ($60k) and Jewish Association for Special Need II Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.