S — Community Improvement & Capacity BuildingEIN: 261412551· Ruling Year: 2008

Forge City Works

Hartford, Connecticut

AHealth Score
86A

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Excellent

💰
$7.6M
Total Revenue
📊
$4.2M
Total Expenses
🏦
$4.6M
Net Assets
📋
$257K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+230.5%
Year-over-year change (2022 → 2023)
Net Margin
+44.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.11
Net assets divided by total expenses
Liabilities-to-Assets
5.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,557,332↑230%$4,168,267↑123%$4,873,409↑230%
2022$2,286,703↑29%$1,872,447↑25%$1,474,855↑43%
2021$1,768,691↑12%$1,494,619↓14%$1,033,907↑10%
2020$1,585,007↓27%$1,729,659↓23%$938,535↑24%
2019$2,176,457↓8%$2,252,133↑9%$759,130↓19%
2018$2,364,783↑25%$2,075,145↓4%$939,644↑80%
2017$1,894,390↓9%$2,172,541↑5%$521,355↓45%
2016$2,075,909↑12%$2,078,829↑4%$945,640↑12%
2015$1,846,445↑4%$2,003,347↑4%$845,809↓15%
2014$1,775,816↑4%$1,920,664↑17%$992,311↑73%
2013$1,700,218↑25%$1,636,636↑27%$572,783↓20%
2012$1,363,538↑26%$1,288,866↑16%$713,523↓34%
2011$1,083,757$1,113,715$1,079,850

Frequently Asked Questions

What does Forge City Works do?▼

Forge City Works is a community improvement & capacity building nonprofit organization based in Connecticut. It is classified under NTEE code S20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Forge City Works financially healthy?▼

Based on our 9-metric Financial Health Score model, Forge City Works has a score of 86/100 (Grade: A). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Forge City Works generate?▼

Forge City Works reports $5.6M in annual revenue and holds $2.4M in total assets, based on IRS filings.

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