Forsgate Foundation Inc

Analysis

Forsgate Foundation Inc is a registered charity in United States, based in Monroe TWP, NJ. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Forsgate Foundation Inc reported income of $136k and spending of $133k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $156k to $136k (-13%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Forsgate Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Boardwalk 1000 Foundation a New Jersey Nonprofit Corporation ($136k), Words to Power ($136k) and Hudson Rotary Foundation Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $25k against liabilities of $26k, net assets of -$404.