Forever Found

Analysis

Forever Found is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forever Found reported income of $1.8m and spending of $988k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $1.8m (+128%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Found sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Tricounty Agency for Intellectual Disabilities Inc ($1.8m), Del Sol School Inc ($1.8m) and First Baptist Mission Action Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $24k (2.5% of expenses). Other salaries and wages came to $28k. At year end it held assets of $3.3m against liabilities of $81k, net assets of $3.2m. It reported 18 employees.