Forestdale Inc
Forestdale Inc shows strong revenue growth and financial stability with no reported officer compensation.
EIN: 111631747 · Forest Hills, NY · NTEE: P320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43.9M |
| Total Expenses | $39.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $39.8M |
| Net Assets | $29.9M |
| Transparency Score | 92/100 |
Is Forestdale Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forestdale Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forestdale Inc
Forestdale Inc (EIN: 111631747) is a nonprofit organization based in Forest Hills, NY, classified under NTEE code P320. The organization reported total revenue of $43.9M and total assets of $37.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forestdale Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forestdale Inc is a large nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.9M |
| Total Expenses | $39.5M |
| Surplus / Deficit | +$422K |
| Total Assets | $34.8M |
| Total Liabilities | $4.8M |
| Net Assets | $29.9M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Forestdale Inc reported a surplus of $422K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forestdale Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +17.8% | +12.5% |
| 2022 | +0.1% | +2.1% | -11.1% |
| 2021 | +32.6% | +32.9% | +21.0% |
| 2020 | +16.6% | +19.1% | +7.2% |
| 2019 | +7.6% | +5.3% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Forestdale Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Forestdale Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $422K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
Forestdale Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership either serves without compensation or their compensation is categorized differently and not reported under 'Officer Comp' on the 990, which is highly unusual for an organization of its size ($39.8M revenue in 2023). If truly uncompensated, this is an exceptional demonstration of dedication and resource allocation directly to mission.
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.
Red Flags
The following concerns were identified during AI analysis of Forestdale Inc's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further investigation into how executive leadership is compensated or if it's truly volunteer-led.
Strengths
The following positive indicators were identified for Forestdale Inc:
- Consistent and significant revenue growth over the past decade, indicating strong support and program expansion.
- Strong financial health with steadily increasing assets and low liabilities relative to assets.
- High apparent efficiency, with expenses closely tracking revenue, suggesting direct deployment of funds.
- Exceptional transparency regarding executive compensation, with 0% reported officer compensation across all filings.
Frequently Asked Questions about Forestdale Inc
Is Forestdale Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forestdale Inc (EIN: 111631747) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Forestdale Inc spend its money?
Forestdale Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forestdale Inc tax-deductible?
Forestdale Inc is registered as a tax-exempt nonprofit (EIN: 111631747). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forestdale Inc CEO make?
Forestdale Inc's highest-compensated officer earns $39.8M annually. The organization reported $43.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Forestdale Inc's spending goes to programs?
Forestdale Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forestdale Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Forestdale Inc is above average for NTEE category P320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forestdale Inc located?
Forestdale Inc is headquartered in Forest Hills, New York and files with the IRS under EIN 111631747. It is classified under NTEE code P320.
How many years of IRS 990 filings does Forestdale Inc have?
Forestdale Inc has 13 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 $43.9M in total revenue.
Is Forestdale Inc a good charity?
Based on the provided financial data, Forestdale Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable record of 0% reported officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has Forestdale Inc's revenue changed over time?
Forestdale Inc has experienced significant revenue growth, more than doubling from $18,099,807 in 2015 to $39,899,361 in 2023, indicating successful expansion of its operations or funding base.
What is Forestdale Inc's financial stability?
The organization shows strong financial stability, with assets consistently growing and significantly outweighing liabilities. For example, in 2023, assets were $34,755,816 against liabilities of $4,840,086, indicating a healthy balance sheet.
Does Forestdale Inc spend efficiently?
Yes, Forestdale Inc appears to spend efficiently, with expenses closely matching revenue each year (e.g., $39,477,388 in expenses vs. $39,899,361 in revenue in 2023). This suggests that funds are quickly deployed towards their mission rather than accumulating large surpluses.
Filing History
IRS 990 filing history for Forestdale Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forestdale Inc's revenue has grown by 152.9%, moving from $15.8M to $39.9M. Total assets increased by 83.8% over the same period, from $18.9M to $34.8M. Total functional expenses rose by 173.2%, from $14.5M to $39.5M. In its most recent filing year (2023), Forestdale Inc reported a surplus of $422K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $34.8M in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $29.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.9M | $39.5M | $34.8M | $4.8M | — | View 990 |
| 2022 | $33.9M | $33.5M | $30.9M | $2.9M | — | View 990 |
| 2021 | $33.8M | $32.8M | $34.8M | $2.6M | — | View 990 |
| 2020 | $25.5M | $24.7M | $28.7M | $1.9M | — | View 990 |
| 2019 | $21.9M | $20.8M | $26.8M | $1.2M | — | View 990 |
| 2018 | $20.3M | $19.7M | $24.9M | $1.1M | — | View 990 |
| 2017 | $18.9M | $18.9M | $23.6M | $895K | — | View 990 |
| 2016 | $19.7M | $19.0M | $22.3M | $961K | — | View 990 |
| 2015 | $18.1M | $18.4M | $22.8M | $1.6M | — | View 990 |
| 2014 | $18.7M | $17.3M | $22.8M | $958K | — | View 990 |
| 2013 | $18.1M | $16.8M | $20.3M | $1.0M | — | View 990 |
| 2012 | $17.0M | $16.1M | $19.5M | $1.2M | — | View 990 |
| 2011 | $15.8M | $14.5M | $18.9M | $987K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.9M, expenses of $39.5M, and assets of $34.8M (revenue +17.8% year-over-year).
- 2022: Revenue of $33.9M, expenses of $33.5M, and assets of $30.9M (revenue +0.1% year-over-year).
- 2021: Revenue of $33.8M, expenses of $32.8M, and assets of $34.8M (revenue +32.6% year-over-year).
- 2020: Revenue of $25.5M, expenses of $24.7M, and assets of $28.7M (revenue +16.6% year-over-year).
- 2019: Revenue of $21.9M, expenses of $20.8M, and assets of $26.8M (revenue +7.6% year-over-year).
- 2018: Revenue of $20.3M, expenses of $19.7M, and assets of $24.9M (revenue +7.4% year-over-year).
- 2017: Revenue of $18.9M, expenses of $18.9M, and assets of $23.6M (revenue -3.9% year-over-year).
- 2016: Revenue of $19.7M, expenses of $19.0M, and assets of $22.3M (revenue +9.0% year-over-year).
- 2015: Revenue of $18.1M, expenses of $18.4M, and assets of $22.8M (revenue -3.3% year-over-year).
- 2014: Revenue of $18.7M, expenses of $17.3M, and assets of $22.8M (revenue +3.4% year-over-year).
- 2013: Revenue of $18.1M, expenses of $16.8M, and assets of $20.3M (revenue +6.7% year-over-year).
- 2012: Revenue of $17.0M, expenses of $16.1M, and assets of $19.5M (revenue +7.5% year-over-year).
- 2011: Revenue of $15.8M, expenses of $14.5M, and assets of $18.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forestdale Inc:
Data Sources and Methodology
This transparency report for Forestdale Inc 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.