Forward Visions Inc

Analysis

Forward Visions Inc is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in June 1974, 52 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 June 2024, Forward Visions Inc reported income of $5.9m and spending of $5.5m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.9m to $5.9m (+51%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Visions Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Dyersburg-Dyer County Union Mission ($5.9m), Women & Children First the Center Against Family Violence ($5.9m) and Sunshine School & Development Center ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $118k (2.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.2m against liabilities of $1.6m, net assets of $5.6m. It reported 154 employees.