The Forge Initiative Inc

Analysis

The Forge Initiative Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, The Forge Initiative Inc reported income of $212k and spending of $201k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $336k to $212k (-37%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Forge Initiative Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Dorman High School Athletic Booster Club ($212k), Acton Academy Essex ($212k) and Unlv Rebel Football Foundation ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. At year end it held assets of $102k against liabilities of $10k, net assets of $92k.