FFWD
Mission Statement
Technology has the power and reach to be a force for good. Fast Forward unlocks the power of the tech community to tackle social issues. From poverty, to education access, to improving health, to environmental degradation—technology can impact lives at scale unmatched in human history. But there’s a gap in support for tech nonprofits who, in the early stages, need to build their product and prove their model. We look for product-driven nonprofits that leverage open source software, always connected mobile devices, open APIs, and inexpensive variable cost web infrastructure to solve education, environmental, health, and human rights issues. Fast Forward then provides financial and human capital to help scale these technology solutions and maximize impact.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
96.0% | 92.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
1.6% | 6.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.4% | 2.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.8 mo | 71.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.0% | 2.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.9% | 89.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
80.2% | 1.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
128.0% | 10.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
15.9% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $22.5M | $18.9M | $10.7M | 96.0% | 13 |
| 2022 | $12.5M | $8.3M | $7.2M | 93.7% | 9 |
| 2021 | $6.7M | $5.5M | N/A | — | 9 |
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