Forever Bound Adoption

Analysis

Forever Bound Adoption is a registered charity in United States, based in Mountain Green, UT. It received its IRS tax-exemption ruling in August 2014, 12 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 Bound Adoption reported income of $195k and spending of $199k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $195k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Bound Adoption sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within UT. Charities of a similar size with the same main cause include Ecological Insights ($195k), Leadership International a Charitable TR ($195k) and Hawaii Aloha Life Enrichment Assoc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $24k (12% of expenses). Other salaries and wages came to $68k. At year end it held assets of $460k against liabilities of -$5,861, net assets of $466k. It reported 17 employees.