Forge Nashville

Analysis

Forge Nashville is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2018, 8 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 (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, Forge Nashville reported income of $714k and spending of $660k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $714k (+183%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forge Nashville sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Connecticut Invention Convention Inc ($714k), Caidp ($714k) and North American Bear Center ($714k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $54k (8.2% of expenses). Other salaries and wages came to $120k. At year end it held assets of $454k against liabilities of $745k, net assets of -$291k. It reported 5 employees.