For-M Foundation Inc

Analysis

For-M Foundation Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in June 2020, 6 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 (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, For-M Foundation Inc reported income of $737k and spending of $871k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.0m to $737k (-30%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 512%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, For-M Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Grid110 Inc ($737k), U Care Inc ($737k) and Southeast Alabama Self Help Assn Inc ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $479k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $5,416.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.