William Guy Forbeck Research Foundation

Analysis

William Guy Forbeck Research Foundation is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, William Guy Forbeck Research Foundation reported income of $389k and spending of $776k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $389k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Guy Forbeck Research Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Cowtown Warriors Inc ($389k), Cornerstone Lodge Inc ($389k) and Lyme Public Library Foundation Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $167k (22% of expenses). Other salaries and wages came to $49k. At year end it held assets of $3.7m against liabilities of $18k, net assets of $3.7m. It reported 2 employees.

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.