Forging Industry Educational And Research Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 279,249 | 190,016 | 89,233 | 211.9 | 0% |
| 2022 | 840,230 | 318,309 | 521,921 | 113.6 | 0% |
| 2023 | 543,686 | 421,267 | 122,419 | 86.4 | 0% |
In its most recent public year (2023), this organization brought in $122,419 more than it spent. Its reserves stood at about 86.4 months of spending, down from 211.9 in 2021. Staff pay was 0% of spending. $1,042,455 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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