Forward Community Investments Inc

Analysis

Forward Community Investments Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forward Community Investments Inc reported income of $3.4m and spending of $2.7m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.4m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Community Investments Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Veggielution ($3.4m), William a Lawson Institute for Peace & Prosperity ($3.4m) and Choice Unlimited ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $254k (9.6% of expenses). Other salaries and wages came to $978k. At year end it held assets of $33.1m against liabilities of $17.1m, net assets of $16.0m.