Forsyth Descendants Foundation Inc

Analysis

Forsyth Descendants Foundation Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forsyth Descendants Foundation Inc reported income of $158k and spending of $96k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $158k (+163%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forsyth Descendants Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Norwood Hills Charitable TR ($158k), Hands of Hope for the Community Inc ($158k) and Swansons AFC Home Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.