Families Forward

Analysis

Families Forward is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1980, 46 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 2023, Families Forward reported income of $6.3m and spending of $6.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $6.3m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 97% 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 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 VA. Charities of a similar size with the same main cause include Grand Forks Childrens Museum Inc ($6.3m), Center for Hearing and Communication ($6.3m) and American Association of Tissue Banks Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $515k (8.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.8m against liabilities of $1.6m, net assets of $1.2m. It reported 36 employees.