Forever Family Inc

Analysis

Forever Family Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2021, 5 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 2024, Forever Family Inc reported income of $241k and spending of $155k, leaving 35% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $82k to $241k (+193%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Family Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Senior Friends Endowment Fund Inc ($241k), Diversity Service Center of Iowa ($241k) and Arfuture Foundation ($241k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $119k against liabilities of $94k, net assets of $25k.