Forge Greensboro

Analysis

Forge Greensboro is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Forge Greensboro reported income of $448k and spending of $462k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $448k (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forge Greensboro sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include United Plant & Production Workers L 175 Apprenticeship Skil Improv F ($448k), Downtown Fond du Lac Partnership Inc ($448k) and Logosworks ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $47k (10% of expenses). Other salaries and wages came to $143k. At year end it held assets of $242k against liabilities of $241k, net assets of $993. It reported 8 employees.