Forward Progression Development Inc

Analysis

Forward Progression Development Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in February 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Forward Progression Development Inc reported income of $426k and spending of $370k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $318k to $426k (+34%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forward Progression Development Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include Natural High ($425k), Leipsic Community Center ($426k) and Safeways Incorporated ($425k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $115k (31% of expenses). Other salaries and wages came to $221k. At year end it held assets of $325k against liabilities of $0, net assets of $325k. It reported 7 employees.