Forward Foundation Va

Analysis

Forward Foundation Va is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Forward Foundation Va reported income of $340k and spending of $276k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $284k to $340k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Foundation Va sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Rescu Foundation Inc ($340k), LCS Foundation ($340k) and Korean American Womens Association ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $252k against liabilities of $4,920, net assets of $247k.