Forever Families Inc

Analysis

Forever Families Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Inc reported income of $307k and spending of $327k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $471k to $307k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forever Families Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Sebit Church Inc ($307k), Disciples Made Inc ($307k) and Operation Idream ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $127k (39% of expenses). Other salaries and wages came to $61k. At year end it held assets of $793k against liabilities of $41k, net assets of $753k. It reported 3 employees.