Forsight Foundation Inc

Analysis

Forsight Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forsight Foundation Inc reported income of $77k and spending of $50k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $446k to $77k (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 2102%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Forsight Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include National Center for Health Care Informatics ($77k), Research Foundation for the Treatment of Ovarian Cancer Inc ($77k) and Doreen Katz Memorial Cancer Foundation ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $228k, net assets of $978k.