Forge Inc
Forge Inc. consistently operates with no reported officer compensation and maintains stable finances with growing assets.
EIN: 201795062 · Milwaukee, WI · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $752K |
| Total Expenses | $624K |
| Program Spending | 80% |
| Net Assets | $126K |
| Transparency Score | 85/100 |
Is Forge Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forge Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forge Inc
Forge Inc (EIN: 201795062) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B60. The organization reported total revenue of $752K and total assets of $299K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forge Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forge Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $654K |
| Total Expenses | $624K |
| Surplus / Deficit | +$30K |
| Total Assets | $279K |
| Total Liabilities | $154K |
| Net Assets | $126K |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 55.0% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Forge Inc reported a surplus of $30K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 55.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forge Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.9% | +28.3% | +12.6% |
| 2022 | +62.2% | +19.6% | +58.3% |
| 2021 | -25.8% | -4.2% | -16.8% |
| 2020 | -7.7% | -5.8% | -9.9% |
| 2019 | -7.1% | +8.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forge Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Forge Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.0%.
Executive Compensation Analysis
Forge Inc. has consistently reported 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Forge Inc:
- No reported officer compensation across all filings, indicating high efficiency in executive spending.
- Consistent revenue growth over the past decade, from $351,588 in 2014 to $654,122 in 2023.
- Positive net assets and consistent asset growth, reaching $279,257 in 2023.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.
- Expenses generally managed close to or below revenue, indicating sound financial management.
Frequently Asked Questions about Forge Inc
Is Forge Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forge Inc (EIN: 201795062) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Forge Inc spend its money?
Forge Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forge Inc tax-deductible?
Forge Inc is registered as a tax-exempt nonprofit (EIN: 201795062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forge Inc's spending goes to programs?
Forge Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forge Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Forge Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forge Inc located?
Forge Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 201795062. It is classified under NTEE code B60.
How many years of IRS 990 filings does Forge Inc have?
Forge Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $752K in total revenue.
Is Forge Inc. financially stable?
Yes, Forge Inc. appears financially stable. In the latest period (202312), revenue ($654,122) exceeded expenses ($623,970), and assets have shown consistent growth, reaching $279,257 in 2023 from $105,223 in 2014.
Does Forge Inc. pay its executives?
No, based on the provided IRS 990 data, Forge Inc. has reported 0% officer compensation in all available filings, indicating no salaries are paid to its officers.
How has Forge Inc.'s revenue trended over time?
Forge Inc.'s revenue has generally trended upwards, from $351,588 in 2014 to $654,122 in 2023, with some fluctuations but a clear growth trajectory.
What is the organization's asset growth like?
Forge Inc. has shown consistent asset growth, increasing from $105,223 in 2014 to $279,257 in 2023, demonstrating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Forge Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forge Inc's revenue has grown by 183.5%, moving from $231K to $654K. Total assets increased by 4483.2% over the same period, from $6K to $279K. Total functional expenses rose by 148.9%, from $251K to $624K. In its most recent filing year (2023), Forge Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $154K in liabilities against $279K in assets (debt-to-asset ratio: 55.0%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $654K | $624K | $279K | $154K | — | — |
| 2022 | $485K | $486K | $248K | $152K | — | View 990 |
| 2021 | $299K | $407K | $157K | $60K | — | View 990 |
| 2020 | $403K | $424K | $188K | $70K | — | View 990 |
| 2019 | $437K | $450K | $209K | $69K | — | View 990 |
| 2018 | $470K | $414K | $213K | $59K | — | View 990 |
| 2017 | $380K | $377K | $141K | $44K | — | View 990 |
| 2016 | $405K | $417K | $115K | $42K | — | View 990 |
| 2015 | $365K | $351K | $126K | $27K | — | View 990 |
| 2014 | $352K | $314K | $105K | $20K | — | View 990 |
| 2013 | $270K | $276K | $48K | $20K | — | View 990 |
| 2012 | $302K | $272K | $30K | $14K | — | View 990 |
| 2011 | $231K | $251K | $6K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $654K, expenses of $624K, and assets of $279K (revenue +34.9% year-over-year).
- 2022: Revenue of $485K, expenses of $486K, and assets of $248K (revenue +62.2% year-over-year).
- 2021: Revenue of $299K, expenses of $407K, and assets of $157K (revenue -25.8% year-over-year).
- 2020: Revenue of $403K, expenses of $424K, and assets of $188K (revenue -7.7% year-over-year).
- 2019: Revenue of $437K, expenses of $450K, and assets of $209K (revenue -7.1% year-over-year).
- 2018: Revenue of $470K, expenses of $414K, and assets of $213K (revenue +23.7% year-over-year).
- 2017: Revenue of $380K, expenses of $377K, and assets of $141K (revenue -6.1% year-over-year).
- 2016: Revenue of $405K, expenses of $417K, and assets of $115K (revenue +11.0% year-over-year).
- 2015: Revenue of $365K, expenses of $351K, and assets of $126K (revenue +3.7% year-over-year).
- 2014: Revenue of $352K, expenses of $314K, and assets of $105K (revenue +30.3% year-over-year).
- 2013: Revenue of $270K, expenses of $276K, and assets of $48K (revenue -10.7% year-over-year).
- 2012: Revenue of $302K, expenses of $272K, and assets of $30K (revenue +30.9% year-over-year).
- 2011: Revenue of $231K, expenses of $251K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forge Inc:
Data Sources and Methodology
This transparency report for Forge Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.