Forum School

Analysis

Forum School is a registered charity in United States, based in Waldwick, NJ. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forum School reported income of $9.2m and spending of $9.1m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.2m to $9.2m (+49%), an average of +10% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forum School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Mvle Inc ($9.2m), Advocate Program Inc ($9.2m) and Marian and Edward Macdowell Inc ($9.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $190k (2.1% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $3.3m against liabilities of $2.0m, net assets of $1.3m. It reported 88 employees.