City Forward Collective Inc

Analysis

City Forward Collective Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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, City Forward Collective Inc reported income of $2.7m and spending of $3.5m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.7m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 180% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Forward Collective Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include United to Learn ($2.7m), California Heritage Youthbuild Academy ($2.7m) and Lake Champlain Community Sailing Center Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $310k (8.8% of expenses). Other salaries and wages came to $920k. At year end it held assets of $6.5m against liabilities of $468k, net assets of $6.1m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.