Friends of Forman Christian College Inc

Analysis

Friends of Forman Christian College Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2005, 21 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 2024, Friends of Forman Christian College Inc reported income of $2.5m and spending of $2.8m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $6.6m to $2.5m (-62%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 67%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Forman Christian College Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Interlibrary Delivery Service of Pennsylvania ($2.5m), Potash Hill Inc ($2.5m) and Turken Foundation Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $522k (19% of expenses). Other salaries and wages came to $124k. It paid $10k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $3.0m, net assets of $2.9m. It reported 5 employees.