Forerunner Training Center Inc

Analysis

Forerunner Training Center Inc is a registered charity in United States, based in Grandview, MO. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Forerunner Training Center Inc reported income of $521k and spending of $447k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $417k to $521k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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, Forerunner Training Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Gadsden Wellness Our Future Inc ($521k), The City School ($521k) and Gonville & Caius College-The Caius Foundation ($521k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $7,500 (1.7% of expenses). Other salaries and wages came to $298k. At year end it held assets of $120k against liabilities of -$3,716, net assets of $124k. It reported 29 employees.