Forward Health Foundation

Analysis

Forward Health Foundation is a registered charity in United States, based in Deer River, MN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Health Foundation reported income of $156k and spending of $198k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $156k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Health Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Local 338 Charities Inc ($156k), Donnie Ray Crawford Legacy Foundation ($156k) and Henry Fork Service Center ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $56k (29% of expenses). Other salaries and wages came to $8,679. At year end it held assets of $865k against liabilities of $4,713, net assets of $861k. It reported 2 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.