Forge Institute

Analysis

Forge Institute is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Forge Institute reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $587k to $1.8m (+206%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forge Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include St James S Children S Center ($1.8m), Heritage School of Texas ($1.8m) and Monroe Charter Academy ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $281k (16% of expenses). Other salaries and wages came to $371k. At year end it held assets of $620k against liabilities of $83k, net assets of $537k. It reported 20 employees.