Forward Paths Foundation Inc

Analysis

Forward Paths Foundation Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Paths Foundation Inc reported income of $1.1m and spending of $555k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $1.1m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 50% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Forward Paths Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include 15 and the Mahomies Foundation ($1.1m), Fun in the Son Ministries Inc ($1.1m) and Boys and Girls Club of Carlsbad Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $151k. At year end it held assets of $2.6m against liabilities of $236k, net assets of $2.3m. It reported 8 employees.