Forging Opportunities for Refugees in America Inc NFP

Analysis

Forging Opportunities for Refugees in America Inc NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2019, 7 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 August 2023, Forging Opportunities for Refugees in America Inc NFP reported income of $2.0m and spending of $714k, leaving 65% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $515k to $2.0m (+297%), an average of +99% a year. The sharpest change came in the year to August 2023, when income rose by 172%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forging Opportunities for Refugees in America Inc NFP 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 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Kansas Wesleyan University Foundation ($2.0m), Suncoast Preparatory Academy ($2.0m) and Lodi Christian School ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $411k. At year end it held assets of $2.4m against liabilities of $695k, net assets of $1.7m. It reported 60 employees.