Forge Theatre Inc

Analysis

Forge Theatre Inc is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forge Theatre Inc reported income of $61k and spending of $59k, spending 97% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $20k to $61k (+206%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 219%. Over the whole period it spent 137% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forge Theatre Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Art for Progress Inc ($61k), Lincoln Scottish Rite Reservation Foundation ($61k) and Colonial Dames of Amer Natl Society in the State Alabama Memorial TR ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.