Forward Momentum Chicago Nfp
EIN: 464011034 · Chicago, IL · NTEE: A62
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Net Assets | $1.2M |
Is Forward Momentum Chicago Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forward Momentum Chicago Nfp
Forward Momentum Chicago Nfp (EIN: 464011034) is a nonprofit organization based in Chicago, IL, classified under NTEE code A62. The organization reported total revenue of $1.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forward Momentum Chicago Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forward Momentum Chicago Nfp is a mid-size nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-239,442 |
| Total Assets | $1.4M |
| Total Liabilities | $194K |
| Net Assets | $1.2M |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 12.3 months |
Financial Health Grade: B
In 2023, Forward Momentum Chicago Nfp reported a deficit of $239K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Forward Momentum Chicago Nfp's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.4% | +36.7% | -11.6% |
| 2022 | +46.4% | +54.3% | +23.0% |
| 2021 | +13.9% | -7.8% | +26.6% |
| 2020 | -8.4% | -2.0% | +17.6% |
| 2019 | +7.6% | +15.7% | +26.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forward Momentum Chicago Nfp 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 Momentum Chicago Nfp 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 deficit of $239K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Frequently Asked Questions about Forward Momentum Chicago Nfp
Is Forward Momentum Chicago Nfp a legitimate charity?
Forward Momentum Chicago Nfp (EIN: 464011034) is a registered tax-exempt nonprofit based in Illinois. It has 9 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: B.
How does Forward Momentum Chicago Nfp spend its money?
Forward Momentum Chicago Nfp reported $1.2M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forward Momentum Chicago Nfp tax-deductible?
Forward Momentum Chicago Nfp is registered as a tax-exempt nonprofit (EIN: 464011034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forward Momentum Chicago Nfp located?
Forward Momentum Chicago Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 464011034. It is classified under NTEE code A62.
How many years of IRS 990 filings does Forward Momentum Chicago Nfp have?
Forward Momentum Chicago Nfp has 9 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Forward Momentum Chicago Nfp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Forward Momentum Chicago Nfp's revenue has grown by 204.1%, moving from $375K to $1.1M. Total assets increased by 871.3% over the same period, from $146K to $1.4M. Total functional expenses rose by 389.6%, from $282K to $1.4M. In its most recent filing year (2023), Forward Momentum Chicago Nfp reported a deficit of $239K, with expenses exceeding revenue. The organization holds $194K in liabilities against $1.4M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $1.4M | $194K | — | — |
| 2022 | $1.3M | $1.0M | $1.6M | $148K | — | View 990 |
| 2021 | $899K | $654K | $1.3M | $157K | — | View 990 |
| 2020 | $789K | $709K | $1.0M | $128K | — | View 990 |
| 2019 | $861K | $724K | $874K | $96K | — | View 990 |
| 2018 | $800K | $625K | $693K | $53K | — | View 990 |
| 2017 | $719K | $522K | $507K | $42K | — | View 990 |
| 2016 | $613K | $422K | $320K | $53K | — | View 990 |
| 2015 | $375K | $282K | $146K | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $1.4M (revenue -13.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.0M, and assets of $1.6M (revenue +46.4% year-over-year).
- 2021: Revenue of $899K, expenses of $654K, and assets of $1.3M (revenue +13.9% year-over-year).
- 2020: Revenue of $789K, expenses of $709K, and assets of $1.0M (revenue -8.4% year-over-year).
- 2019: Revenue of $861K, expenses of $724K, and assets of $874K (revenue +7.6% year-over-year).
- 2018: Revenue of $800K, expenses of $625K, and assets of $693K (revenue +11.3% year-over-year).
- 2017: Revenue of $719K, expenses of $522K, and assets of $507K (revenue +17.3% year-over-year).
- 2016: Revenue of $613K, expenses of $422K, and assets of $320K (revenue +63.7% year-over-year).
- 2015: Revenue of $375K, expenses of $282K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forward Momentum Chicago Nfp:
Data Sources and Methodology
This transparency report for Forward Momentum Chicago Nfp 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.