Is Forum Of Firms Legit?

Spending Breakdown

How Forum Of Firms allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Forum Of Firms

Is Forum Of Firms a legitimate charity?

Based on AI analysis of IRS 990 filings, Forum Of Firms (EIN: 141858441) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Forum Of Firms a good charity to donate to?

Forum Of Firms has a Mission Score of 75/100. Revenue: $20.0M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Forum Of Firms?

The Employer Identification Number (EIN) for Forum Of Firms is 141858441. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Forum Of Firms spend its money?

Forum Of Firms allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Forum Of Firms's tax-exempt status?

You can verify Forum Of Firms's tax-exempt status using EIN 141858441 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Forum Of Firms demonstrates consistent financial activity, with revenues generally tracking expenses closely over the past decade. For instance, in 2023, revenues were $18,584,589 against expenses of $18,655,430, indicating a near break-even operation. The organization's assets have fluctuated, showing a significant increase in 2021 to $4,418,679, but then decreasing to $1,883,395 in 2023. This fluctuation, alongside liabilities, suggests active financial management, though the specific reasons for these shifts would require deeper analysis of their balance sheets.

The organization appears to operate with a lean financial model, consistently spending nearly all its revenue on its operations. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive structure or that executive compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Given the consistent revenue levels, particularly the jump from around $12 million to over $18 million in 2023, understanding the allocation of these funds is crucial for assessing spending efficiency.

Overall, Forum Of Firms exhibits a stable operational history with revenues generally covering expenses. The lack of reported officer compensation is a notable point for transparency, as it can obscure a complete picture of administrative costs. Further detail on program versus administrative and fundraising expenses would provide a more comprehensive view of their spending efficiency.

Verdict: Forum Of Firms appears trustworthy

Red Flags

Strengths