Point Forward Inc

Analysis

Point Forward Inc is a registered charity in United States, based in Pittsburg, KS. It received its IRS tax-exemption ruling in October 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 (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, Point Forward Inc reported income of $1.7m and spending of $97k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $1.7m (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 3.4% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Point Forward Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Congress of Communities ($1.7m), Georgia Strategic Alliance for New Direction and Unified Policies ($1.7m) and City of Laporte Urban Enterprise Zone Inc ($1.7m).

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 $3.6m against liabilities of $0, net assets of $3.6m.