Forte Orthopedic Research Institute

Analysis

Forte Orthopedic Research Institute is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Forte Orthopedic Research Institute reported income of $647k and spending of $1.1m, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $647k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 160% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forte Orthopedic Research Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Friends of the Brandon Public Library ($647k), Parent Booster USA Inc ($647k) and Legacy Traditional Schools ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. Other salaries and wages came to $320k. At year end it held assets of $199k against liabilities of $1.1m, net assets of -$922k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.