Families Forward

Analysis

Families Forward is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 2024, Families Forward reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $815k to $2.0m (+147%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Families Forward sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Food Now Inc ($2.0m), Childcaring Inc ($2.0m) and North Country Trail Association Incorporated ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $158k (7.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.5m against liabilities of $94k, net assets of $4.4m. It reported 38 employees.