Forward Horizons Inc

Analysis

Forward Horizons Inc is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Forward Horizons Inc reported income of $409k and spending of $317k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $225k to $409k (+82%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forward Horizons Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Community Kitchen Inc of Myrtle Beach ($409k), Oklahoma Wheat Research Foundation Inc ($409k) and Pets for the Elderly Foundation ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Other salaries and wages came to $231k. At year end it held assets of $184k against liabilities of $32k, net assets of $152k. It reported 24 employees.