Forever Family Foundation Inc

Analysis

Forever Family Foundation Inc is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forever Family Foundation Inc reported income of $315k and spending of $244k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $277k to $315k (+14%), an average of +14% a year. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forever Family Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Racing History Preservation Group Inc ($315k), Icmca ($315k) and The Gifford Flordia Youth Orchestra ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $6,070 (2.5% of expenses). At year end it held assets of $548k against liabilities of $68k, net assets of $480k.