Forge Foundation Inc

Analysis

Forge Foundation Inc is a registered charity in United States, based in Surfside, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Forge Foundation Inc reported income of $1.8m and spending of $418k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $237k to $1.8m (+648%), an average of +174% a year. The sharpest change came in the year to December 2023, when income rose by 235%. Over the whole period it spent 31% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Forge Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Greenwood Volunteer Fire Company No 1 of Greenwood Delaware ($1.8m), Footprint Project ($1.8m) and Pleasant View Volunteer Fire Department ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.0m against liabilities of $66k, net assets of $1.9m. It reported 3 employees.