Fwdus Education Fund Inc

Analysis

Fwdus Education Fund Inc is a registered charity in United States, based in Washington, DC. 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 December 2023, Fwdus Education Fund Inc reported income of $8.8m and spending of $17.1m, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 460%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fwdus Education Fund Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include National Equity Project ($8.8m), The York School ($8.8m) and Denver Montessori Society ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $524k (3.1% of expenses). Other salaries and wages came to $3.6m. It paid $532k in professional fundraising fees. At year end it held assets of $14.6m against liabilities of $15.1m, net assets of -$431k. It reported 4 employees.