Better Future Forward Inc

Analysis

Better Future Forward Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Better Future Forward Inc reported income of $1.0m and spending of $754k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $968k to $1.0m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Better Future Forward Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Upper Moreland Free Public Library ($1.0m), Erie Center for Arts and Technology Inc ($1.0m) and Montessori Northwest ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $161k (21% of expenses). Other salaries and wages came to $110k. At year end it held assets of $3.4m against liabilities of $3.4m, net assets of $113. It reported 3 employees.