Forai Inc

Analysis

Forai Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Forai Inc reported income of $127k and spending of $130k, spending 102% of its income. Across the 2 years on record, from April 2023 to April 2024, income fell from $137k to $127k (-7.4%), an average of -7.4% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forai Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MO. Charities of a similar size with the same main cause include Hurley Education Foundation Inc ($127k), BBS Preschool and Child Care ($127k) and Farmington High School Music Patrons Association Inc ($127k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $83k against liabilities of $86k, net assets of -$2,944.