Forever Young Incorporated

Analysis

Forever Young Incorporated is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Young Incorporated reported income of $488k and spending of $417k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $605k to $488k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Forever Young Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Jackson Family Foundation ($488k), Stafford Ambulance Association Inc ($488k) and Knox Martin Foundation for Brain Cancer Research Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $74k. At year end it held assets of $237k against liabilities of $0, net assets of $237k. It reported 5 employees.