Forming Lives Inc

Analysis

Forming Lives Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in July 2017, 9 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 December 2023, Forming Lives Inc reported income of $382k and spending of $529k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $382k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forming Lives Inc 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 67th percentile within OK. Charities of a similar size with the same main cause include Bird Rock Foundation Inc ($382k), The Way ($382k) and Learn As You Grow Preschool & Kindergarten Association Inc ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $54k. At year end it held assets of $64k against liabilities of $51k, net assets of $12k. It reported 1 employees.