Forge Inc

Analysis

Forge Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 2007, 19 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, Forge Inc reported income of $654k and spending of $624k, spending 95% of its income. Across the 6 years on record, from December 2012 to December 2023, income grew from $302k to $654k (+116%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forge Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Madison Montessori Society Inc ($654k), El Cerrito High School Student Activity Fund ($654k) and Cedar Tree Montessori ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $240k (38% of expenses). Other salaries and wages came to $114k. At year end it held assets of $279k against liabilities of $154k, net assets of $126k. It reported 5 employees.