Forum Of Firms
Forum Of Firms consistently operates near break-even with no reported officer compensation.
EIN: 141858441 · New York, NY · NTEE: W052 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.0M |
| Total Expenses | $18.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Forum Of Firms Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forum Of Firms directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forum Of Firms
Forum Of Firms (EIN: 141858441) is a nonprofit organization based in New York, NY, classified under NTEE code W052. The organization reported total revenue of $20.0M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forum Of Firms's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forum Of Firms is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.6M |
| Total Expenses | $18.7M |
| Surplus / Deficit | $-70,841 |
| Total Assets | $1.9M |
| Total Liabilities | $374K |
| Net Assets | $1.5M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Forum Of Firms reported a deficit of $71K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Forum Of Firms's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.8% | +50.4% | -1.5% |
| 2022 | +0.5% | +1.3% | -56.7% |
| 2021 | +0.2% | +0.3% | +272.6% |
| 2020 | +0.1% | -3.1% | +31.2% |
| 2019 | +0.6% | +1.4% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Forum Of Firms 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: 85%
- fundraising: 5%
According to IRS 990 filings, Forum Of Firms allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.9%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, suggesting either a volunteer executive leadership or that compensation is categorized differently, which could limit transparency regarding leadership costs for an organization with revenues reaching nearly $19 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 Forum Of Firms's IRS 990 filings:
- No reported officer compensation, potentially obscuring true administrative costs for an organization of this size.
- Significant fluctuations in assets and liabilities without clear explanation in summary data.
Strengths
The following positive indicators were identified for Forum Of Firms:
- Consistent operational history with revenues generally covering expenses.
- Appears to operate with a lean financial model, spending nearly all revenue on operations.
- Demonstrates financial stability over a long period with 14 filings.
Frequently Asked Questions about Forum Of Firms
Is Forum Of Firms a legitimate charity?
Forum Of Firms (EIN: 141858441) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $20.0M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Forum Of Firms spend its money?
Forum Of Firms directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Forum Of Firms tax-deductible?
Forum Of Firms is registered as a tax-exempt nonprofit (EIN: 141858441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forum Of Firms CEO make?
Forum Of Firms's highest-compensated officer earns $19 annually. The organization reported $20.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Forum Of Firms's spending goes to programs?
Forum Of Firms directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forum Of Firms compare to similar nonprofits?
With a transparency score of 75/100 (Good), Forum Of Firms is above average for NTEE category W052 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forum Of Firms located?
Forum Of Firms is headquartered in New York, New York and files with the IRS under EIN 141858441. It is classified under NTEE code W052.
How many years of IRS 990 filings does Forum Of Firms have?
Forum Of Firms has 14 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 $20.0M in total revenue.
How does Forum Of Firms manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is reported under other expense categories, such as 'salaries and wages' for non-officer staff, or through related organizations, which would require further investigation of their full financial statements.
What caused the significant increase in revenue from $12.6 million in 2022 to $18.5 million in 2023?
The filings show a substantial jump in revenue. Without access to the detailed revenue schedules (Part VIII of the 990), it's difficult to pinpoint the exact source, but it could be due to increased membership dues, new grants, or a significant one-time event or service.
Why did assets fluctuate significantly, particularly the drop from $4.4 million in 2021 to $1.8 million in 2023?
Asset fluctuations can be due to various factors such as investment performance, significant capital expenditures, or the liquidation of assets. The decrease from 2021 to 2023 suggests either substantial spending on programs or operations, or a change in investment strategy or asset valuation.
Filing History
IRS 990 filing history for Forum Of Firms showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Forum Of Firms's revenue has grown by 110.5%, moving from $8.8M to $18.6M. Total assets decreased by 22.3% over the same period, from $2.4M to $1.9M. Total functional expenses rose by 108.9%, from $8.9M to $18.7M. In its most recent filing year (2023), Forum Of Firms reported a deficit of $71K, with expenses exceeding revenue. The organization holds $374K in liabilities against $1.9M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.6M | $18.7M | $1.9M | $374K | — | — |
| 2022 | $12.7M | $12.4M | $1.9M | $332K | — | View 990 |
| 2021 | $12.6M | $12.2M | $4.4M | $3.1M | — | View 990 |
| 2020 | $12.6M | $12.2M | $1.2M | $205K | — | View 990 |
| 2019 | $12.6M | $12.6M | $904K | $277K | — | View 990 |
| 2018 | $12.5M | $12.4M | $929K | $253K | — | View 990 |
| 2017 | $12.5M | $12.4M | $1.1M | $474K | — | View 990 |
| 2016 | $12.0M | $12.0M | $745K | $237K | — | View 990 |
| 2015 | $11.6M | $11.5M | $689K | $185K | — | View 990 |
| 2014 | $11.2M | $11.1M | $3.2M | $2.8M | — | View 990 |
| 2013 | $10.8M | $10.6M | $3.0M | $2.7M | — | View 990 |
| 2012 | $10.2M | $10.2M | $424K | $267K | — | View 990 |
| 2011 | $9.8M | $9.8M | $290K | $169K | — | View 990 |
| 2010 | $8.8M | $8.9M | $2.4M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.6M, expenses of $18.7M, and assets of $1.9M (revenue +46.8% year-over-year).
- 2022: Revenue of $12.7M, expenses of $12.4M, and assets of $1.9M (revenue +0.5% year-over-year).
- 2021: Revenue of $12.6M, expenses of $12.2M, and assets of $4.4M (revenue +0.2% year-over-year).
- 2020: Revenue of $12.6M, expenses of $12.2M, and assets of $1.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $12.6M, expenses of $12.6M, and assets of $904K (revenue +0.6% year-over-year).
- 2018: Revenue of $12.5M, expenses of $12.4M, and assets of $929K (revenue -0.5% year-over-year).
- 2017: Revenue of $12.5M, expenses of $12.4M, and assets of $1.1M (revenue +4.9% year-over-year).
- 2016: Revenue of $12.0M, expenses of $12.0M, and assets of $745K (revenue +3.0% year-over-year).
- 2015: Revenue of $11.6M, expenses of $11.5M, and assets of $689K (revenue +3.3% year-over-year).
- 2014: Revenue of $11.2M, expenses of $11.1M, and assets of $3.2M (revenue +4.3% year-over-year).
- 2013: Revenue of $10.8M, expenses of $10.6M, and assets of $3.0M (revenue +5.6% year-over-year).
- 2012: Revenue of $10.2M, expenses of $10.2M, and assets of $424K (revenue +4.1% year-over-year).
- 2011: Revenue of $9.8M, expenses of $9.8M, and assets of $290K (revenue +11.0% year-over-year).
- 2010: Revenue of $8.8M, expenses of $8.9M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forum Of Firms:
Data Sources and Methodology
This transparency report for Forum Of Firms 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.