Renewables Forward Inc

Analysis

Renewables Forward Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Renewables Forward Inc reported income of $264k and spending of $361k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $264k (-11%), an average of -11% a year. 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, Renewables Forward Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Lucas County Fair Association ($264k), Transformed Communities International Inc ($264k) and Pennsylvania State Association of County Fairs ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $170k (47% of expenses). At year end it held assets of $132k against liabilities of $117k, net assets of $15k. It reported 1 employees.