Forward High Point Foundation

Analysis

Forward High Point Foundation is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in August 2009, 17 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 June 2023, Forward High Point Foundation reported income of $242k and spending of $207k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $254k to $242k (-5.0%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward High Point Foundation sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Friends of Georgetown ($242k), Highlands Business Partnership Inc ($242k) and Bricks to Bread International ($242k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 77% of the total. At year end it held assets of $1.9m against liabilities of $1.7m, net assets of $228k.