Forward Careers Inc

Analysis

Forward Careers Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Forward Careers Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.2m (-34%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Careers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Rutherford Lifeservices Inc ($2.2m), Occupational Development Center Inc ($2.2m) and Schaefer Rehabilitation Center Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $225k (10% of expenses). Other salaries and wages came to $723k. At year end it held assets of $1.7m against liabilities of $590k, net assets of $1.1m. It reported 41 employees.