Inforum

Analysis

Inforum is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in September 2002, 24 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, Inforum reported income of $2.3m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.3m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Inforum sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Foundation for the Realization of Human Potential NFP ($2.3m), Montessori Day Public Schools Chartered ($2.3m) and Chess Christian School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $377k (17% of expenses). Other salaries and wages came to $806k. At year end it held assets of $4.3m against liabilities of $481k, net assets of $3.8m. It reported 11 employees.