Forward Steps Foundation

Analysis

Forward Steps Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forward Steps Foundation reported income of $420k and spending of $341k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $420k (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Steps Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Colleton County Council on Aging Inc ($420k), Gothenburg Child Care Inc ($420k) and New Day Orphanage ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $220k. At year end it held assets of $218k against liabilities of $3,694, net assets of $214k. It reported 7 employees.