Louisa Forward Foundation

Analysis

Louisa Forward Foundation is a registered charity in United States, based in Louisa, VA. It received its IRS tax-exemption ruling in November 2020, 6 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 June 2023, Louisa Forward Foundation reported income of $105k and spending of $115k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $23k to $105k (+362%), an average of +362% a year. The sharpest change came in the year to June 2023, when income rose by 362%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Louisa Forward Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Southwest Spokane Community Center ($105k), Gateway to Entrepreneurial Tomorrows Inc ($105k) and Crossed Bridges ($105k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $23k against liabilities of $22k, net assets of $1,017.