Founding Forward

Analysis

Founding Forward is a registered charity in United States, based in Valley Forge, PA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Founding Forward reported income of $5.9m and spending of $3.8m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $366k to $5.9m (+1508%), an average of +100% a year. The sharpest change came in the year to June 2020, when income rose by 543%. Over the whole period it spent 61% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Founding Forward sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Donation Center Foundation of Rhode Island ($5.9m), Embarc Inc ($5.9m) and Family Career and Community Leaders of America Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $265k (7.1% of expenses). Other salaries and wages came to $500k. At year end it held assets of $23.5m against liabilities of $812k, net assets of $22.7m. It reported 15 employees.