Native Forward Scholars Fund

Analysis

Native Forward Scholars Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Native Forward Scholars Fund reported income of $13.0m and spending of $12.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $13.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 294%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Native Forward Scholars Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include The Bement School Inc ($13.0m), St Johns Community Services - Tennessee ($13.0m) and Cambridge School ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $312k (2.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $30.0m against liabilities of $3.0m, net assets of $27.1m. It reported 36 employees.