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Massachusetts · Nonprofit

FORGES FOUNDATION

FORGES FOUNDATION (Massachusetts) receives grants from 4 organizations whose IRS filings report $3,409,000 to it, the largest being MARY ELIZABETH PEARCE FOUNDATION TR ($1,675,000). 4 of them have funded it in more than one year.

Revenue FY2024
$1.4M
Funders on record
4
Grants received
$3.4M
Net assets
$6.8M
4/4 repeat fundersgrants exceed reported revenue in one year
01What it does

What Forges Foundation does

Program

Not applicable because there are no amounts in column e

The first program described on its most recent Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($292k) Expenses 100 ($38k) Net assets 100 ($2.4M)2018 Revenue 239 ($698k) Expenses 106 ($40k) Net assets 128 ($3.0M)2019 Revenue -15 ($-44660) Expenses 70 ($26k) Net assets 125 ($3.0M)2020 Revenue 31 ($89k) Expenses 49 ($18k) Net assets 128 ($3.0M)2021 Revenue 506 ($1.5M) Expenses 32 ($12k) Net assets 189 ($4.5M)2022 Revenue 155 ($452k) Expenses 53 ($20k) Net assets 207 ($4.9M)2023 Revenue 186 ($542k) Expenses 92 ($34k) Net assets 229 ($5.4M)2024 Revenue 463 ($1.4M) Expenses 18 ($7k) Net assets 285 ($6.8M)
'17'18'19'20'21'22'23'24
Revenue (463)Expenses (18)Net assets (285)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $3.0M to $4.5M (+48%).

$2.4M
$3.0M
$3.0M
$3.0M
$4.5M
$4.9M
$5.4M
$6.8M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed33333344
Joined·+0+0+0+0+0+1+0
No longer listed·0000000
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $200k → $400k.

From the IRS filings of FORGES FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FORGES FOUNDATION leans on a few funders — its largest provides 49% of grant income and the top three 84%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

49%
largest funder
84%
top three
~3
effective funders

Largest funder’s share by year: 2017 50% · 2018 45% · 2020 43% · 2021 36% · 2022 50% · 2023 63% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of FORGES FOUNDATION's grant income comes from Massachusetts funders.

MA

In-state vs out-of-state, by year

’17
’18
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FORGES FOUNDATION has grown faster than half of the 2,186 environment nonprofits its size.

Months of reserve5007.1mo · outside the comparable range
Revenue growth (annualized)24% · above the median

this organization peer median middle 50% of peers· 2,186 environment nonprofits $1M–$10M, FY2024

Organizations like FORGES FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for FORGES FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FORGES FOUNDATION?
FORGES FOUNDATION (Massachusetts) receives grants from 4 organizations whose IRS filings report $3,409,000 to it, the largest being MARY ELIZABETH PEARCE FOUNDATION TR ($1,675,000). 4 of them have funded it in more than one year.
How many funders does FORGES FOUNDATION have?
IRS filings report 4 organizations giving $3,409,000 in grants to FORGES FOUNDATION, 4 of which have funded it in more than one year.
Who is the largest funder of FORGES FOUNDATION?
MARY ELIZABETH PEARCE FOUNDATION TR is the largest funder on record, with $1,675,000 in grants. The full list of funders is on this page.
How can an organization like FORGES FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing