The Journey Forward

Analysis

The Journey Forward is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The Journey Forward reported income of $324k and spending of $325k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $663k to $324k (-51%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Journey Forward sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Penns Northeast Inc ($324k), Livermore Main Street Project Inc ($324k) and 79th Street Corridor Neighborhood Initiative Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (28% of expenses). Other salaries and wages came to $175k. At year end it held assets of $128k against liabilities of $77k, net assets of $51k. It reported 3 employees.