Forever Families

Analysis

Forever Families is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in April 1998, 28 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 Families reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.9m (+86%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Families sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include The Barker Adoption Foundation ($3.9m), T E S S a ($3.9m) and Two Feathers-Nafs ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $238k (6.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $478k. It reported 47 employees.