Forward Huron Inc

Analysis

Forward Huron Inc is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Huron Inc reported income of $397k and spending of $30k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $397k (+380%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 877%. Over the whole period it spent 385% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Huron Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within SD. Charities of a similar size with the same main cause include Main Street South Orange Inc ($397k), Womans Club of Louisville Inc ($397k) and Gamaliel of California ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $748k against liabilities of $446k, net assets of $302k.