Forward Communities Inc

Analysis

Forward Communities Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Forward Communities Inc reported income of $190k and spending of $53k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $220k to $190k (-14%), an average of -14% a year. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forward Communities Inc 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 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include University Circle Housing Inc ($190k), Fillmore Housing Corporation ($190k) and Delhi Senior Housing Development Fund Co Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $362k against liabilities of $5,425, net assets of $357k. It reported 1 employees.