Forsberg Charitable Foundation
Forsberg Charitable Foundation consistently spends more than it earns, relying on its substantial asset base.
EIN: 204653999 · Scottsdale, AZ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $360K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.1M |
| Transparency Score | 75/100 |
Is Forsberg Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forsberg Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forsberg Charitable Foundation
Forsberg Charitable Foundation (EIN: 204653999) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T22. The organization reported total revenue of $279K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forsberg Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forsberg Charitable Foundation is a small nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $360K |
| Surplus / Deficit | $-95,974 |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | -36.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.6 months |
Financial Health Grade: B
In 2019, Forsberg Charitable Foundation reported a deficit of $96K with expenses exceeding revenue, holds 203.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Forsberg Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +24.2% | +11.9% | +10.8% |
| 2015 | -13.8% | -0.4% | -11.1% |
| 2014 | +16.5% | +3.8% | +2.0% |
| 2013 | +4.8% | +4.9% | +1.9% |
| 2012 | -9.8% | -2.1% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Forsberg Charitable Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Forsberg Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the foundation, which is highly efficient for a nonprofit of this size with assets over $6 million.
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.
Red Flags
The following concerns were identified during AI analysis of Forsberg Charitable Foundation's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue across all reported periods (e.g., $360,112 expenses vs. $264,138 revenue in 2019).
Strengths
The following positive indicators were identified for Forsberg Charitable Foundation:
- Substantial and stable asset base, growing from $5.7M in 2011 to $6.1M in 2019.
- Zero officer compensation reported across all filings, indicating highly efficient executive management.
- Consistent IRS 990 filing history (6 filings), demonstrating good transparency.
Frequently Asked Questions about Forsberg Charitable Foundation
Is Forsberg Charitable Foundation a legitimate charity?
Forsberg Charitable Foundation (EIN: 204653999) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $279K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Forsberg Charitable Foundation spend its money?
Forsberg Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Forsberg Charitable Foundation tax-deductible?
Forsberg Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 204653999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forsberg Charitable Foundation CEO make?
Forsberg Charitable Foundation's highest-compensated officer earns $6 annually. The organization reported $279K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Forsberg Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Forsberg Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forsberg Charitable Foundation located?
Forsberg Charitable Foundation is headquartered in Scottsdale, Arizona and files with the IRS under EIN 204653999. It is classified under NTEE code T22.
How many years of IRS 990 filings does Forsberg Charitable Foundation have?
Forsberg Charitable Foundation has 6 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 $279K in total revenue.
How does the foundation consistently cover expenses when they exceed revenue?
The foundation likely covers the deficit by drawing from its substantial asset base, which stood at $6,110,759 in 2019, or from investment income not fully captured in the 'Revenue' figure provided.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses. Given its NTEE code T22 (Private Grantmaking Foundations) and zero officer compensation, it's reasonable to infer a high proportion of expenses are program-related (grants), with minimal administrative and no direct fundraising costs.
Is the foundation's asset base growing or shrinking over time?
The foundation's assets have shown growth from $5,704,489 in 2011 to $6,110,759 in 2019, indicating a generally stable or slightly increasing asset base despite consistent operational deficits.
Filing History
IRS 990 filing history for Forsberg Charitable Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Forsberg Charitable Foundation's revenue has grown by 17.9%, moving from $224K to $264K. Total assets increased by 7.1% over the same period, from $5.7M to $6.1M. Total functional expenses rose by 18.9%, from $303K to $360K. In its most recent filing year (2019), Forsberg Charitable Foundation reported a deficit of $96K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $264K | $360K | $6.1M | $1 | — | View 990 |
| 2015 | $213K | $322K | $5.5M | $0 | — | View 990 |
| 2014 | $247K | $323K | $6.2M | $0 | — | View 990 |
| 2013 | $212K | $311K | $6.1M | $0 | — | View 990 |
| 2012 | $202K | $297K | $6.0M | $0 | — | View 990 |
| 2011 | $224K | $303K | $5.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $264K, expenses of $360K, and assets of $6.1M (revenue +24.2% year-over-year).
- 2015: Revenue of $213K, expenses of $322K, and assets of $5.5M (revenue -13.8% year-over-year).
- 2014: Revenue of $247K, expenses of $323K, and assets of $6.2M (revenue +16.5% year-over-year).
- 2013: Revenue of $212K, expenses of $311K, and assets of $6.1M (revenue +4.8% year-over-year).
- 2012: Revenue of $202K, expenses of $297K, and assets of $6.0M (revenue -9.8% year-over-year).
- 2011: Revenue of $224K, expenses of $303K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forsberg Charitable Foundation:
Data Sources and Methodology
This transparency report for Forsberg 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.