Cut It Forward Incorporated

Analysis

Cut It Forward Incorporated is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cut It Forward Incorporated reported income of $109k and spending of $152k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $109k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cut It Forward Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($109k), Glen Cove Neighborhood Association Inc ($109k) and PTA Delaware Congress ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.