Forth Foundation
Forth Foundation shows highly volatile financial performance with recent significant operating deficits.
EIN: 205369388 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $347K |
| Program Spending | 70% |
| Net Assets | $2.7M |
| Transparency Score | 45/100 |
Is Forth Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forth Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Forth Foundation
Forth Foundation (EIN: 205369388) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $2.4M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forth Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forth Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $347K |
| Surplus / Deficit | $-299,005 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -628.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 93.0 months |
Financial Health Grade: B
In 2023, Forth Foundation reported a deficit of $299K with expenses exceeding revenue, holds 93.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Forth Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.5% | -38.9% | -8.5% |
| 2022 | -99.5% | +773.1% | -23.5% |
| 2021 | +610755300.0% | +435.6% | +1101.8% |
| 2020 | +0.0% | +325.0% | -3.7% |
| 2019 | +0.0% | -67.6% | -31.1% |
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 Forth Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Forth Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $299K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Forth Foundation consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led organization or that executive compensation is not explicitly disclosed as such, which could be a positive for resource allocation if truly volunteer-driven.
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 Forth Foundation's IRS 990 filings:
- Highly erratic revenue and expense patterns, making financial stability unpredictable.
- Significant operating deficits in recent years (2022 and 2023), indicating unsustainable spending relative to income.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Forth Foundation:
- Consistently reports minimal liabilities ($1), indicating a strong balance sheet in terms of debt.
- No reported officer compensation, potentially indicating a volunteer-driven leadership or efficient use of funds if true.
Frequently Asked Questions about Forth Foundation
Is Forth Foundation a legitimate charity?
Forth Foundation (EIN: 205369388) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Forth Foundation spend its money?
Forth Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Forth Foundation tax-deductible?
Forth Foundation is registered as a tax-exempt nonprofit (EIN: 205369388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forth Foundation's spending goes to programs?
Forth Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Forth Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Forth Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forth Foundation located?
Forth Foundation is headquartered in New York, New York and files with the IRS under EIN 205369388. It is classified under NTEE code T20.
How many years of IRS 990 filings does Forth Foundation have?
Forth 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 $2.4M in total revenue.
Why did Forth Foundation experience such a massive revenue spike in 2021 ($6,107,554) compared to other years, and how was this revenue utilized given the low expenses ($64,947)?
The 2021 revenue spike is an outlier in the organization's financial history and warrants further investigation to understand its source and application. The low expenses in that year suggest a significant accumulation of assets or a very specific, low-cost program delivery model for that period.
How does Forth Foundation sustain its operations given the significant operating deficits in 2022 (expenses $567,048 vs. revenue $29,452) and 2023 (expenses $346,560 vs. revenue $47,555)?
The consistent operating deficits in recent years suggest the organization is drawing down on its assets or relying on prior year surpluses to cover current expenses. This trend is not sustainable long-term without a significant increase in revenue or reduction in expenses.
What are the specific program activities of Forth Foundation, and how are they funded given the erratic revenue streams?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', suggesting its primary activity might be grantmaking. However, the highly variable revenue makes it difficult to assess consistent program funding without more detailed program expense breakdowns.
Filing History
IRS 990 filing history for Forth Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Forth Foundation's revenue has declined by 86%, moving from $341K to $48K. Total assets increased by 1509234.8% over the same period, from $178 to $2.7M. Total functional expenses fell by 2.6%, from $356K to $347K. In its most recent filing year (2023), Forth Foundation reported a deficit of $299K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $347K | $2.7M | $1 | — | View 990 |
| 2022 | $29K | $567K | $2.9M | $1 | — | View 990 |
| 2021 | $6.1M | $65K | $3.8M | $1 | — | View 990 |
| 2020 | $1 | $12K | $320K | $1 | — | — |
| 2019 | $1 | $3K | $332K | $1 | — | View 990 |
| 2015 | $1 | $9K | $481K | $1 | — | View 990 |
| 2014 | $1 | $10K | $490K | $1 | — | View 990 |
| 2013 | $505K | $5K | $500K | $1 | — | View 990 |
| 2012 | $17K | $14K | $156 | $1 | — | View 990 |
| 2011 | $341K | $356K | $178 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $347K, and assets of $2.7M (revenue +61.5% year-over-year).
- 2022: Revenue of $29K, expenses of $567K, and assets of $2.9M (revenue -99.5% year-over-year).
- 2021: Revenue of $6.1M, expenses of $65K, and assets of $3.8M (revenue +610755300.0% year-over-year).
- 2020: Revenue of $1, expenses of $12K, and assets of $320K (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $3K, and assets of $332K (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $9K, and assets of $481K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $10K, and assets of $490K (revenue -100.0% year-over-year).
- 2013: Revenue of $505K, expenses of $5K, and assets of $500K (revenue +2958.8% year-over-year).
- 2012: Revenue of $17K, expenses of $14K, and assets of $156 (revenue -95.2% year-over-year).
- 2011: Revenue of $341K, expenses of $356K, and assets of $178.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forth Foundation:
Data Sources and Methodology
This transparency report for Forth 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.