Forward Performing Arts Inc

Analysis

Forward Performing Arts Inc is a registered charity in United States, based in Fitchburg, WI. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Forward Performing Arts Inc reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.1m to $1.4m (+28%), an average of +6.4% a year. The sharpest change came in the year to October 2021, when income rose by 178%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forward Performing Arts Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include White Columns Inc ($1.4m), Only Make Believe Inc ($1.4m) and Preucil School of Music ($1.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 11% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $75k (4.9% of expenses). Other salaries and wages came to $180k. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $352k. It reported 4 employees.