Forward Training Center of Hood County

Analysis

Forward Training Center of Hood County is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 Training Center of Hood County reported income of $224k and spending of $238k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $224k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Training Center of Hood County sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Glenwood Springs Chamber Foundation ($224k), Lending Helping Hands to Others ($224k) and Bourbon County Redi Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $65k (27% of expenses). Other salaries and wages came to $55k. At year end it held assets of $207k against liabilities of $0, net assets of $207k. It reported 3 employees.