Forge Financing Ozark Rural Growth and Economy

Analysis

Forge Financing Ozark Rural Growth and Economy is a registered charity in United States, based in Huntsville, AR. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, Forge Financing Ozark Rural Growth and Economy reported income of $2.2m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.2m (+62%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 45%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forge Financing Ozark Rural Growth and Economy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within AR. Charities of a similar size with the same main cause include Custer County Foundation Inc ($2.2m), The Oaks Community Center Inc ($2.2m) and Mantec Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $778k. At year end it held assets of $12.9m against liabilities of $8.4m, net assets of $4.5m. It reported 10 employees.