Forkids Inc

Analysis

Forkids Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Forkids Inc reported income of $11.8m and spending of $11.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.5m to $11.8m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Forkids Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include HFCC Inc ($11.8m), People Serving People Inc ($11.8m) and New Hope Housing Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $680k (5.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $30.0m against liabilities of $513k, net assets of $29.5m. It reported 166 employees.