Forward Housing Corporation

Analysis

Forward Housing Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Corporation reported income of $1.8m and spending of $1.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+15%), an average of +3.6% a year. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forward Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Columbia Catholic Housing for the Elderly II Inc ($1.8m), Solon Community Living Inc ($1.8m) and Oceana County Development Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Other salaries and wages came to $233k. At year end it held assets of $6.6m against liabilities of $2.3m, net assets of $4.2m.