Forever Families Inc

Analysis

Forever Families Inc is a registered charity in United States, based in Fresno, TX. It received its IRS tax-exemption ruling in September 2012, 14 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 Inc reported income of $1.7m and spending of $2.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.7m (-36%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Families Inc 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 88th percentile within TX. Charities of a similar size with the same main cause include The Credit Bureau of Baton Rouge Foundation ($1.7m), Monroe Joint Venture Inc ($1.7m) and Orcas Community Resource Center ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.2m against liabilities of $884k, net assets of $300k.