Forman Charitable Foundation
EIN: 753160334 · Las Vegas, NV · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Net Assets | $0 |
Is Forman Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forman Charitable Foundation
Forman Charitable Foundation (EIN: 753160334) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forman Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forman Charitable Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2024, Forman Charitable Foundation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2012–2024), Forman Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.0% | — | +0.0% |
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | +0.0% | — | +0.0% |
| 2020 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forman Charitable Foundation 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 Forman Charitable Foundation 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Forman Charitable Foundation
Is Forman Charitable Foundation a legitimate charity?
Forman Charitable Foundation (EIN: 753160334) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $1. No red flags identified. Financial health grade: B.
How does Forman Charitable Foundation spend its money?
Forman Charitable Foundation reported $1 in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forman Charitable Foundation tax-deductible?
Forman Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 753160334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forman Charitable Foundation located?
Forman Charitable Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 753160334. It is classified under NTEE code T20.
How many years of IRS 990 filings does Forman Charitable Foundation have?
Forman Charitable Foundation has 10 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 $1 in total revenue.
Filing History
IRS 990 filing history for Forman Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Forman Charitable Foundation's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 0% over the same period, from $1 to $1. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1 | $0 | $1 | $1 | — | — |
| 2023 | $1 | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | — |
| 2021 | $1 | $0 | $1 | $1 | — | — |
| 2020 | $1 | $0 | $1 | $1 | — | — |
| 2016 | $1 | $0 | $1 | $1 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2023: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2016: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forman Charitable Foundation:
Data Sources and Methodology
This transparency report for Forman Charitable Foundation 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.