Forwardtn

Analysis

Forwardtn is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Forwardtn reported income of $503k and spending of $502k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $503k (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forwardtn sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Ignite Technology and Innovation Inc ($503k), Superior Business Center Inc ($503k) and Brandons House Counseling Center Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $211k against liabilities of $1,660, net assets of $210k.