Forward Cloudsec Association

Analysis

Forward Cloudsec Association is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Cloudsec Association reported income of $115k and spending of $99k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $115k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 80% 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 Cloudsec Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include Greensburg Art Club ($115k), Public Art Reston ($115k) and Michael J Owen Music Education Fund ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.