Forward Foundation

Analysis

Forward Foundation is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in November 2019, 7 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 September 2023, Forward Foundation reported income of $275k and spending of $262k, spending 95% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $191k to $275k (+43%), an average of +44% a year. The sharpest change came in the year to September 2023, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Loray Girls Home Inc ($275k), Compassion Delivered Inc ($275k) and Stone Soup ($275k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $135k (51% of expenses). Other salaries and wages came to $28k. At year end it held assets of $44k against liabilities of $5,040, net assets of $39k. It reported 5 employees.