Forest Grove Foundation Inc

Analysis

Forest Grove Foundation Inc is a registered charity in United States, based in Forest Grove, OR. It received its IRS tax-exemption ruling in November 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forest Grove Foundation Inc reported income of $2.5m and spending of $1.2m, leaving 51% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $390k to $2.5m (+534%), an average of +85% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forest Grove Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Harvest Community Development Corporation ($2.5m), African American Credit Union Coalition ($2.5m) and Calaveras Healthy Impact Product Solutions ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $100k (8.2% of expenses). Other salaries and wages came to $442k. At year end it held assets of $2.0m against liabilities of $12k, net assets of $2.0m. It reported 14 employees.