Foundation Forward Inc

Analysis

Foundation Forward Inc is a registered charity in United States, based in Valdese, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Foundation Forward Inc reported income of $6.1m and spending of $1.1m, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $907k to $6.1m (+569%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 498%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Forward Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Save a Childs Heart Foundation US I NC ($6.1m), St Anthonys Hospice Inc ($6.1m) and Central Illinois Agency on Aging Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $529k. It paid $22k in professional fundraising fees. At year end it held assets of $5.6m against liabilities of $14k, net assets of $5.6m. It reported 13 employees.