Forest Acres Restaurant And Merchants Association
Forest Acres Restaurant And Merchants Association shows strong financial recovery and asset growth in its latest fiscal period.
EIN: 203790348 · Columbia, SC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $139K |
| Program Spending | 80% |
| Net Assets | $109K |
| Transparency Score | 85/100 |
Is Forest Acres Restaurant And Merchants Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forest Acres Restaurant And Merchants Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forest Acres Restaurant And Merchants Association
Forest Acres Restaurant And Merchants Association (EIN: 203790348) is a nonprofit organization based in Columbia, SC, classified under NTEE code S41. The organization reported total revenue of $247K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forest Acres Restaurant And Merchants Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forest Acres Restaurant And Merchants Association is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $139K |
| Surplus / Deficit | +$108K |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | 43.8% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2020, Forest Acres Restaurant And Merchants Association reported a surplus of $108K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2016–2020), Forest Acres Restaurant And Merchants Association's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +7.4% | -39.8% | +12636.3% |
| 2019 | +6.5% | +2.3% | -40.4% |
| 2018 | +62.0% | +75.7% | -86.6% |
| 2017 | -38.3% | -48.1% | +91.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forest Acres Restaurant And Merchants Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Forest Acres Restaurant And Merchants Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $108K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or one where leadership is compensated through non-salary means, which is highly efficient relative to its size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Forest Acres Restaurant And Merchants Association:
- Strong financial recovery and surplus in the latest period (Revenue $246,695 vs. Expenses $138,528 in 2020).
- Significant asset growth to $109,023 in 2020, indicating improved financial health.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for leadership.
- Zero liabilities reported across all filings, demonstrating sound financial management and no debt.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Forest Acres Restaurant And Merchants Association
Is Forest Acres Restaurant And Merchants Association a legitimate charity?
Forest Acres Restaurant And Merchants Association (EIN: 203790348) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $247K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Forest Acres Restaurant And Merchants Association spend its money?
Forest Acres Restaurant And Merchants Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Forest Acres Restaurant And Merchants Association tax-deductible?
Forest Acres Restaurant And Merchants Association is registered as a tax-exempt nonprofit (EIN: 203790348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forest Acres Restaurant And Merchants Association's spending goes to programs?
Forest Acres Restaurant And Merchants Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forest Acres Restaurant And Merchants Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Forest Acres Restaurant And Merchants Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forest Acres Restaurant And Merchants Association located?
Forest Acres Restaurant And Merchants Association is headquartered in Columbia, South Carolina and files with the IRS under EIN 203790348. It is classified under NTEE code S41.
How many years of IRS 990 filings does Forest Acres Restaurant And Merchants Association have?
Forest Acres Restaurant And Merchants Association has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $247K in total revenue.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the leadership level or that compensation is structured in a way not reported as officer salary on the 990 summary, such as through stipends or other benefits not classified as direct compensation.
What specific programs or activities account for the majority of the organization's expenses?
Based on the NTEE code S41 (Business & Commerce Associations), the expenses likely relate to promoting local businesses, organizing community events, or advocacy for the restaurant and merchant community in Forest Acres. A detailed breakdown would require reviewing the full 990 forms.
What caused the significant increase in assets from $856 in 2019 to $109,023 in 2020?
The substantial increase in assets is primarily due to the latest period's revenue ($246,695) significantly exceeding expenses ($138,528), resulting in a net surplus of over $108,000 that was added to the organization's reserves.
Filing History
IRS 990 filing history for Forest Acres Restaurant And Merchants Association showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2020), Forest Acres Restaurant And Merchants Association's revenue has grown by 14.2%, moving from $216K to $247K. Total assets increased by 1839.9% over the same period, from $6K to $109K. Total functional expenses fell by 43.8%, from $247K to $139K. In its most recent filing year (2020), Forest Acres Restaurant And Merchants Association reported a surplus of $108K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $247K | $139K | $109K | $0 | — | — |
| 2019 | $230K | $230K | $856 | $0 | — | — |
| 2018 | $216K | $225K | $1K | $0 | — | View 990 |
| 2017 | $133K | $128K | $11K | $0 | — | View 990 |
| 2016 | $216K | $247K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $247K, expenses of $139K, and assets of $109K (revenue +7.4% year-over-year).
- 2019: Revenue of $230K, expenses of $230K, and assets of $856 (revenue +6.5% year-over-year).
- 2018: Revenue of $216K, expenses of $225K, and assets of $1K (revenue +62.0% year-over-year).
- 2017: Revenue of $133K, expenses of $128K, and assets of $11K (revenue -38.3% year-over-year).
- 2016: Revenue of $216K, expenses of $247K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forest Acres Restaurant And Merchants Association:
Data Sources and Methodology
This transparency report for Forest Acres Restaurant And Merchants Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.