Friends of Forge Foundation Corp

Analysis

Friends of Forge Foundation Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, Friends of Forge Foundation Corp reported income of $625k and spending of $727k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $625k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Forge Foundation Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Njtesol Njbe Inc ($625k), Kids Kingdom Preparatory Academy Inc ($625k) and Redbud Montessori ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.