Forgotten Children Inc

Analysis

Forgotten Children Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 2012, 14 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, Forgotten Children Inc reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $551k to $1.2m (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forgotten Children Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Natives of One Wind Indigenous Alliance ($1.2m), Accion Hispana - Que Pasa ($1.2m) and Greater Portland Immigrant Welcome Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $171k (12% of expenses). Other salaries and wages came to $582k. At year end it held assets of $263k against liabilities of $438k, net assets of -$174k. It reported 14 employees.