Build Forward Foundation

Analysis

Build Forward Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2018, 8 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 November 2023, Build Forward Foundation reported income of $148k and spending of $175k, spending 118% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $93k to $148k (+59%), an average of +12% a year. The sharpest change came in the year to November 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Build Forward Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include National 19th Amendment Society ($148k), School District of Green Ridge Education Foundation Inc ($148k) and Slam Educational Fund ($148k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $174k against liabilities of $150k, net assets of $24k.