Full Steam Forward Inc

Analysis

Full Steam Forward Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Full Steam Forward Inc reported income of $274k and spending of $390k, spending 143% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.3m to $274k (-78%), an average of -40% a year. The sharpest change came in the year to December 2021, when income dropped by 82%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Full Steam Forward Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Los Rayos de Esperanza Inc ($274k), Pink Alliance ($274k) and East Texas Cancer Alliance of Hope ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Other salaries and wages came to $175k. At year end it held assets of $200k against liabilities of $5,392, net assets of $195k. It reported 2 employees.