Forward Assoc Inc

Analysis

Forward Assoc Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forward Assoc Inc reported income of $8.7m and spending of $6.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $8.7m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forward Assoc Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include National Institute for Trial Advocacy ($8.7m), Elaine Kaufman Cultural Center-Lucy Moses School for Music and Dance ($8.7m) and Friends of the Marthas Vineyard Concert Series ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $1.4m (21% of expenses). Other salaries and wages came to $2.3m. It paid $93k in professional fundraising fees. At year end it held assets of $3.8m against liabilities of $490k, net assets of $3.3m. It reported 48 employees.