Speak It Forward Incorporated

Analysis

Speak It Forward Incorporated is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 2009, 17 years ago. 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, Speak It Forward Incorporated reported income of $236k and spending of $201k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $275k to $236k (-14%), an average of -3.0% a year. The sharpest change came in the year to December 2019, when income dropped by 43%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Speak It Forward Incorporated 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 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include A H S Community Services Inc ($236k), Forum School Foundation Incorporated ($236k) and Nishimachi Foundation ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $100k. At year end it held assets of $327k against liabilities of $179k, net assets of $148k. It reported 2 employees.