Movefwd Inc

Analysis

Movefwd Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Movefwd Inc reported income of $833k and spending of $897k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $833k (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2020, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Movefwd Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Friends of Tahoe Truckee Waldorf ($833k), Appellate Project Inc ($833k) and Crossroads Christian Academy Inc ($833k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (14% of expenses). Other salaries and wages came to $401k. At year end it held assets of $433k against liabilities of $45k, net assets of $388k. It reported 15 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.