Forward Southern West Virginia Inc
EIN: 550769694 · Beckley, WV · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $73K |
| Net Assets | $806K |
Is Forward Southern West Virginia Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forward Southern West Virginia Inc
Forward Southern West Virginia Inc (EIN: 550769694) is a nonprofit organization based in Beckley, WV, classified under NTEE code S31. The organization reported total revenue of $250K and total assets of $768K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forward Southern West Virginia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forward Southern West Virginia Inc is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $73K |
| Surplus / Deficit | $-27,302 |
| Total Assets | $817K |
| Total Liabilities | $11K |
| Net Assets | $806K |
| Operating Margin | -59.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 134.4 months |
Financial Health Grade: B
In 2024, Forward Southern West Virginia Inc reported a deficit of $27K with expenses exceeding revenue, holds 134.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Forward Southern West Virginia Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -84.8% | +21.5% | -3.1% |
| 2023 | +1371.7% | +1.9% | +39.7% |
| 2022 | -93.0% | -3.6% | -5.6% |
| 2021 | +643.5% | -4.9% | +56.1% |
| 2020 | -12.9% | -8.9% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forward Southern West Virginia Inc 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 Southern West Virginia Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Forward Southern West Virginia Inc
Is Forward Southern West Virginia Inc a legitimate charity?
Forward Southern West Virginia Inc (EIN: 550769694) is a registered tax-exempt nonprofit based in West Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $250K. No red flags identified. Financial health grade: B.
How does Forward Southern West Virginia Inc spend its money?
Forward Southern West Virginia Inc reported $250K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forward Southern West Virginia Inc tax-deductible?
Forward Southern West Virginia Inc is registered as a tax-exempt nonprofit (EIN: 550769694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forward Southern West Virginia Inc located?
Forward Southern West Virginia Inc is headquartered in Beckley, West Virginia and files with the IRS under EIN 550769694. It is classified under NTEE code S31.
How many years of IRS 990 filings does Forward Southern West Virginia Inc have?
Forward Southern West Virginia Inc has 14 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 $250K in total revenue.
Filing History
IRS 990 filing history for Forward Southern West Virginia Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Forward Southern West Virginia Inc's revenue has declined by 28.8%, moving from $64K to $46K. Total assets increased by 20.4% over the same period, from $679K to $817K. Total functional expenses fell by 31.6%, from $107K to $73K. In its most recent filing year (2024), Forward Southern West Virginia Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $11K in liabilities against $817K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $806K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $46K | $73K | $817K | $11K | — | — |
| 2023 | $300K | $60K | $843K | $10K | — | View 990 |
| 2022 | $20K | $59K | $604K | $10K | — | View 990 |
| 2021 | $291K | $61K | $640K | $7K | — | View 990 |
| 2020 | $39K | $64K | $410K | $7K | — | View 990 |
| 2019 | $45K | $71K | $436K | $8K | — | View 990 |
| 2018 | $15K | $65K | $464K | $11K | — | View 990 |
| 2017 | $19K | $65K | $516K | $12K | — | View 990 |
| 2016 | $60K | $115K | $582K | $32K | — | View 990 |
| 2015 | $41K | $63K | $637K | $52K | — | View 990 |
| 2014 | $33K | $65K | $607K | $0 | — | View 990 |
| 2013 | $33K | $57K | $639K | $0 | — | View 990 |
| 2012 | $50K | $65K | $663K | $0 | — | View 990 |
| 2011 | $64K | $107K | $679K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $46K, expenses of $73K, and assets of $817K (revenue -84.8% year-over-year).
- 2023: Revenue of $300K, expenses of $60K, and assets of $843K (revenue +1371.7% year-over-year).
- 2022: Revenue of $20K, expenses of $59K, and assets of $604K (revenue -93.0% year-over-year).
- 2021: Revenue of $291K, expenses of $61K, and assets of $640K (revenue +643.5% year-over-year).
- 2020: Revenue of $39K, expenses of $64K, and assets of $410K (revenue -12.9% year-over-year).
- 2019: Revenue of $45K, expenses of $71K, and assets of $436K (revenue +200.5% year-over-year).
- 2018: Revenue of $15K, expenses of $65K, and assets of $464K (revenue -23.0% year-over-year).
- 2017: Revenue of $19K, expenses of $65K, and assets of $516K (revenue -67.4% year-over-year).
- 2016: Revenue of $60K, expenses of $115K, and assets of $582K (revenue +44.7% year-over-year).
- 2015: Revenue of $41K, expenses of $63K, and assets of $637K (revenue +23.7% year-over-year).
- 2014: Revenue of $33K, expenses of $65K, and assets of $607K (revenue +1.3% year-over-year).
- 2013: Revenue of $33K, expenses of $57K, and assets of $639K (revenue -34.0% year-over-year).
- 2012: Revenue of $50K, expenses of $65K, and assets of $663K (revenue -22.4% year-over-year).
- 2011: Revenue of $64K, expenses of $107K, and assets of $679K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forward Southern West Virginia Inc:
Data Sources and Methodology
This transparency report for Forward Southern West Virginia 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.