Forward Foundation Inc

Analysis

Forward Foundation Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in December 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Forward Foundation Inc reported income of $407k and spending of $336k, spending 82% of its income. Across the 4 years on record, from February 2020 to February 2023, income fell from $853k to $407k (-52%), an average of -22% a year. The sharpest change came in the year to February 2023, when income rose by 84%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Rocky Mountain Asphalt Conference and Equipment Show ($407k), Apprentice Educational Fund ($407k) and Ab Community ($407k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 91% and program service revenue 24% of the total. At year end it held assets of $2.0m against liabilities of $205k, net assets of $1.8m.