Forward Global Inc

Analysis

Forward Global Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Global Inc reported income of $3.6m and spending of $4.0m, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $232k to $3.6m (+1456%), an average of +73% a year. The sharpest change came in the year to December 2019, when income rose by 865%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Forward Global Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Community Foundation of Muncie and Delaware County Inc ($3.6m), Minnesota State Fair Foundation ($3.6m) and Mara Elephant Project USA Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $470k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $260k against liabilities of $997k, net assets of -$737k. It reported 12 employees.