Forgotten Initiative Inc
EIN: 830956002 · Bloomington, IL · NTEE: P31
Is Forgotten Initiative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forgotten Initiative Inc
Forgotten Initiative Inc (EIN: 830956002) is a nonprofit organization based in Bloomington, IL, classified under NTEE code P31. The organization reported total revenue of $1.1M and total assets of $845K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forgotten Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Forgotten Initiative Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forgotten Initiative Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Forgotten Initiative Inc
Is Forgotten Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forgotten Initiative Inc (EIN: 830956002) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forgotten Initiative Inc spend its money?
Detailed spending breakdown data is not yet available for Forgotten Initiative Inc. Check back for updated IRS 990 analysis.
Are donations to Forgotten Initiative Inc tax-deductible?
Forgotten Initiative Inc is registered as a tax-exempt nonprofit (EIN: 830956002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Forgotten Initiative Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Forgotten Initiative Inc reported a surplus of $266K, with revenue exceeding expenses. The organization holds $5K in liabilities against $672K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $667K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $877K | $672K | $5K | — | — |
Data Sources and Methodology
This transparency report for Forgotten Initiative 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.