Forvets

Analysis

Forvets is a registered charity in United States, based in Bell, FL. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2023, Forvets reported income of $303k and spending of $282k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33k to $303k (+832%), an average of +75% a year. The sharpest change came in the year to June 2022, when income rose by 1599%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forvets sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Michael C McHugh Memorial Fund Inc ($303k), Hope Response Inc ($303k) and The Outreach Connection Inc ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 75% of the total. Other salaries and wages came to $142k. At year end it held assets of $289k against liabilities of $15k, net assets of $275k.