Forecasting Research Institute

Analysis

Forecasting Research Institute is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Forecasting Research Institute reported income of $235k and spending of $1.4m, spending 611% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.4m to $235k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forecasting Research Institute sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within DE. Charities of a similar size with the same main cause include Caleb International Ministries ($235k), Coaches Honor Inc ($235k) and Wesley Methodist Church of Ghana USA ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $360k (25% of expenses). Other salaries and wages came to $98k. At year end it held assets of $4.2m against liabilities of $53k, net assets of $4.2m. It reported 3 employees.