Forever Families Home Study Agency Inc

Analysis

Forever Families Home Study Agency Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in December 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 Home Study Agency Inc reported income of $52k and spending of $73k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $52k (-75%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Families Home Study Agency Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Flagler Womans Club ($52k), Fong & Lee Foundation Inc ($52k) and Toombs Lyons Housing Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $25k (34% of expenses). At year end it held assets of $2,817 against liabilities of $2,139, net assets of $678. It reported 1 employees.