Forward Giving Inc

Analysis

Forward Giving Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Giving Inc reported income of $82k and spending of $48k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $315k to $82k (-74%), an average of -49% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Forward Giving Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Future Hope Foundation ($82k), Pioneer Technology Center Foundation Inc ($82k) and Holding Hands for Haley Foundation ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $28k (58% of expenses). At year end it held assets of $3.3m against liabilities of $3.0m, net assets of $259k.