Forever Families Through Adoptioninc

Analysis

Forever Families Through Adoptioninc is a registered charity in United States, based in Rye Brook, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Families Through Adoptioninc reported income of $204k and spending of $337k, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $444k to $204k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Families Through Adoptioninc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Center for Multicultural Mediation ($204k), Spirit of a Hero Foundation ($204k) and Association of Blind Citizens Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $94k (28% of expenses). Other salaries and wages came to $116k. At year end it held assets of $107k against liabilities of $167k, net assets of -$60k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.