The Way Forward Foundation

Analysis

The Way Forward Foundation is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The Way Forward Foundation reported income of $436k and spending of $386k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $436k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Way Forward Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Familykind Ltd ($436k), Minnesota Network of Hospice and Palliative Care ($436k) and Social Creatures Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (27% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.