Forward Foundation Va
EIN: 352684981 · Glen Allen, VA · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $439K |
| Total Expenses | $276K |
| Net Assets | $247K |
Is Forward Foundation Va Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forward Foundation Va
Forward Foundation Va (EIN: 352684981) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code P33. The organization reported total revenue of $439K and total assets of $409K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forward Foundation Va's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forward Foundation Va is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 28.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $276K |
| Surplus / Deficit | +$63K |
| Total Assets | $252K |
| Total Liabilities | $5K |
| Net Assets | $247K |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Forward Foundation Va reported a surplus of $63K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Forward Foundation Va's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.4% | +6.4% | +34.3% |
| 2022 | +61.4% | +85.9% | +20.9% |
| 2021 | +10.7% | +33.4% | +23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forward Foundation Va has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forward Foundation Va with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Forward Foundation Va
Is Forward Foundation Va a legitimate charity?
Forward Foundation Va (EIN: 352684981) is a registered tax-exempt nonprofit based in Virginia. It has 4 years of IRS 990 filings on record. Total revenue: $439K. No red flags identified. Financial health grade: A.
How does Forward Foundation Va spend its money?
Forward Foundation Va reported $439K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forward Foundation Va tax-deductible?
Forward Foundation Va is registered as a tax-exempt nonprofit (EIN: 352684981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forward Foundation Va located?
Forward Foundation Va is headquartered in Glen Allen, Virginia and files with the IRS under EIN 352684981. It is classified under NTEE code P33.
How many years of IRS 990 filings does Forward Foundation Va have?
Forward Foundation Va has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $439K in total revenue.
Filing History
IRS 990 filing history for Forward Foundation Va showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Forward Foundation Va's revenue has grown by 113.5%, moving from $159K to $340K. Total assets increased by 101% over the same period, from $125K to $252K. Total functional expenses rose by 163.8%, from $105K to $276K. In its most recent filing year (2023), Forward Foundation Va reported a surplus of $63K, with revenue exceeding expenses. The organization holds $5K in liabilities against $252K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $247K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $340K | $276K | $252K | $5K | — | View 990 |
| 2022 | $284K | $260K | $188K | $4K | — | View 990 |
| 2021 | $176K | $140K | $155K | $0 | — | View 990 |
| 2020 | $159K | $105K | $125K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $340K, expenses of $276K, and assets of $252K (revenue +19.4% year-over-year).
- 2022: Revenue of $284K, expenses of $260K, and assets of $188K (revenue +61.4% year-over-year).
- 2021: Revenue of $176K, expenses of $140K, and assets of $155K (revenue +10.7% year-over-year).
- 2020: Revenue of $159K, expenses of $105K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forward Foundation Va:
Data Sources and Methodology
This transparency report for Forward Foundation Va 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.