Forward Change

Analysis

Forward Change is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2017, 9 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, Forward Change reported income of $422k and spending of $1.3m, spending 304% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $303k to $422k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Change sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include North Georgia Electric Membershipfdn Inc ($422k), Home Again St Johns Inc ($422k) and Salem Ministers Conference Community Food Pantry ($422k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $243k (19% of expenses). Other salaries and wages came to $290k. At year end it held assets of $396k against liabilities of $12k, net assets of $384k. It reported 2 employees.