The Forum Inc

Analysis

The Forum Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, The Forum Inc reported income of $208k and spending of $213k, spending 102% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $99k to $208k (+111%), an average of +111% a year. The sharpest change came in the year to September 2023, when income rose by 111%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Forum Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within VI. Charities of a similar size with the same main cause include Project Broadway Inc ($208k), Southwest Roots Music Inc ($208k) and Copper Coin Ballet Company ($208k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $50k against liabilities of $30k, net assets of $20k.