Forsyth Futures

Analysis

Forsyth Futures is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover human services, 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 June 2023, Forsyth Futures reported income of $2.9m and spending of $1.0m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $798k to $2.9m (+258%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 170%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forsyth Futures sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Iowa River Hospice Inc ($2.9m), Isaiahs Place Inc ($2.9m) and Abbott House Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $106k (10% of expenses). Other salaries and wages came to $299k. At year end it held assets of $2.6m against liabilities of $126k, net assets of $2.5m. It reported 5 employees.