Forward Assoc Inc
Forward Assoc Inc shows consistent revenue growth and no reported executive compensation, indicating strong financial health and program focus.
EIN: 130623590 · New York, NY · NTEE: A30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $6.7M |
| Program Spending | 90% |
| Net Assets | $3.3M |
| Transparency Score | 92/100 |
Is Forward Assoc Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forward Assoc Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forward Assoc Inc
Forward Assoc Inc (EIN: 130623590) is a nonprofit organization based in New York, NY, classified under NTEE code A30. The organization reported total revenue of $6.8M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forward Assoc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forward Assoc Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $6.7M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $3.8M |
| Total Liabilities | $490K |
| Net Assets | $3.3M |
| Operating Margin | 23.0% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Forward Assoc Inc reported a surplus of $2.0M with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forward Assoc Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.0% | +7.8% | +78.1% |
| 2022 | +18.7% | +8.1% | +7.1% |
| 2021 | +20.2% | +9.0% | +12.4% |
| 2020 | -18.5% | -5.7% | +21.0% |
| 2019 | -16.2% | -22.7% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forward Assoc Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Forward Assoc Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.9%.
Executive Compensation Analysis
Forward Assoc Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or exceptionally lean leadership structure relative to its multi-million dollar revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Forward Assoc Inc's IRS 990 filings:
- Unexplained significant asset fluctuation in 2014 ($53M) warrants further investigation.
- Consistent 0% officer compensation is highly unusual for an organization of this size and revenue, potentially masking compensation through other means or indicating an entirely volunteer-run executive team.
Strengths
The following positive indicators were identified for Forward Assoc Inc:
- Consistent revenue growth in recent years, from $5,957,432 in 2021 to $8,696,897 in 2023.
- Strong financial surplus in recent years, with 2023 revenue exceeding expenses by over $2 million.
- Zero reported officer compensation across all filings, indicating a high proportion of funds likely directed to programs.
- Growing asset base, increasing from $1,999,330 in 2021 to $3,811,965 in 2023.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Forward Assoc Inc
Is Forward Assoc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forward Assoc Inc (EIN: 130623590) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Forward Assoc Inc spend its money?
Forward Assoc Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forward Assoc Inc tax-deductible?
Forward Assoc Inc is registered as a tax-exempt nonprofit (EIN: 130623590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forward Assoc Inc's spending goes to programs?
Forward Assoc Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forward Assoc Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Forward Assoc Inc is above average for NTEE category A30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forward Assoc Inc located?
Forward Assoc Inc is headquartered in New York, New York and files with the IRS under EIN 130623590. It is classified under NTEE code A30.
How many years of IRS 990 filings does Forward Assoc Inc have?
Forward Assoc Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.8M in total revenue.
How does Forward Assoc Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues reaching over $8 million. This could indicate a volunteer-led executive team, a different compensation structure not categorized as 'officer compensation' on the 990, or that key leadership roles are compensated through other means not disclosed in this specific line item. Further investigation into their organizational structure and detailed compensation practices would be necessary to fully understand this.
What caused the significant asset fluctuation in 2014?
In 2014, Forward Assoc Inc reported assets of $53,024,774, a dramatic increase from previous and subsequent years. This could be due to a one-time large donation of property or investments, a temporary holding of significant funds for a specific project, or an accounting reclassification. Without more detailed financial statements from that period, the exact cause remains unclear, but it did not represent a sustained asset level.
Is Forward Assoc Inc financially sustainable given its revenue and expense trends?
Yes, Forward Assoc Inc appears financially sustainable. In 2023, its revenue of $8,696,897 significantly exceeded expenses of $6,696,409, resulting in a surplus of over $2 million. This trend of revenue generally exceeding expenses, especially in recent years, along with growing assets, indicates a healthy financial position and ability to sustain operations.
How does Forward Assoc Inc's NTEE code A30 (Newspapers & Periodicals) align with its financial activities?
The NTEE code A30 suggests that Forward Assoc Inc's primary mission involves activities related to newspapers and periodicals. The consistent revenue generation and operational expenses, without significant executive compensation, imply that funds are likely being directed towards content creation, publication, distribution, or related educational programs within this sector. The financial data supports a well-managed operation consistent with a media-focused nonprofit.
Filing History
IRS 990 filing history for Forward Assoc Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forward Assoc Inc's revenue has grown by 174.6%, moving from $3.2M to $8.7M. Total assets decreased by 93.7% over the same period, from $60.7M to $3.8M. Total functional expenses fell by 20.6%, from $8.4M to $6.7M. In its most recent filing year (2023), Forward Assoc Inc reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $490K in liabilities against $3.8M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $6.7M | $3.8M | $490K | — | View 990 |
| 2022 | $7.1M | $6.2M | $2.1M | $819K | — | View 990 |
| 2021 | $6.0M | $5.8M | $2.0M | $1.5M | — | View 990 |
| 2020 | $5.0M | $5.3M | $1.8M | $1.5M | — | View 990 |
| 2019 | $6.1M | $5.6M | $1.5M | $897K | — | View 990 |
| 2018 | $7.3M | $7.2M | $1.6M | $1.5M | — | View 990 |
| 2017 | $7.4M | $8.1M | $1.3M | $1.2M | — | View 990 |
| 2016 | $9.7M | $8.9M | $2.8M | $2.1M | — | View 990 |
| 2015 | $8.6M | $8.6M | $5.4M | $5.3M | — | View 990 |
| 2014 | $4.5M | $8.7M | $53.0M | $1.9M | — | View 990 |
| 2013 | $6.1M | $8.7M | $56.5M | $1.7M | — | View 990 |
| 2012 | $4.5M | $8.5M | $58.7M | $1.8M | — | View 990 |
| 2011 | $3.2M | $8.4M | $60.7M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $6.7M, and assets of $3.8M (revenue +23.0% year-over-year).
- 2022: Revenue of $7.1M, expenses of $6.2M, and assets of $2.1M (revenue +18.7% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.8M, and assets of $2.0M (revenue +20.2% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.3M, and assets of $1.8M (revenue -18.5% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.6M, and assets of $1.5M (revenue -16.2% year-over-year).
- 2018: Revenue of $7.3M, expenses of $7.2M, and assets of $1.6M (revenue -1.7% year-over-year).
- 2017: Revenue of $7.4M, expenses of $8.1M, and assets of $1.3M (revenue -23.8% year-over-year).
- 2016: Revenue of $9.7M, expenses of $8.9M, and assets of $2.8M (revenue +12.7% year-over-year).
- 2015: Revenue of $8.6M, expenses of $8.6M, and assets of $5.4M (revenue +93.1% year-over-year).
- 2014: Revenue of $4.5M, expenses of $8.7M, and assets of $53.0M (revenue -26.4% year-over-year).
- 2013: Revenue of $6.1M, expenses of $8.7M, and assets of $56.5M (revenue +34.9% year-over-year).
- 2012: Revenue of $4.5M, expenses of $8.5M, and assets of $58.7M (revenue +41.6% year-over-year).
- 2011: Revenue of $3.2M, expenses of $8.4M, and assets of $60.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forward Assoc Inc:
Data Sources and Methodology
This transparency report for Forward Assoc Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.