Forward Impact

Analysis

Forward Impact is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Forward Impact reported income of $3.8m and spending of $2.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.9m to $3.8m (-65%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forward Impact sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Silicon Andhra ($3.8m), Vagabond School of the Drama Inc ($3.8m) and United States Eventing Association ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $557k (20% of expenses). Other salaries and wages came to $753k. It paid $7,725 in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $109k, net assets of $1.8m. It reported 12 employees.