Quest Forward Academy Inc

Analysis

Quest Forward Academy Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Quest Forward Academy Inc reported income of $7.5m and spending of $5.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $7.5m (+159%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 1976%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quest Forward Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Mountain Mission School Inc ($7.5m), Knowledgeworks Foundation ($7.5m) and Center for Hearing and Speech ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $367k (6.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $4.2m against liabilities of $79k, net assets of $4.2m. It reported 62 employees.