Forward Arts Foundation Inc

Analysis

Forward Arts Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1965, 61 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Forward Arts Foundation Inc reported income of $2.6m and spending of $2.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forward Arts Foundation 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 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Vidiots Foundation ($2.6m), Science Central Inc ($2.6m) and Arts Center ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $998k. At year end it held assets of $6.8m against liabilities of $299k, net assets of $6.5m. It reported 53 employees.