Forever Home Inc

Analysis

Forever Home Inc is a registered charity in United States, based in Thonotosassa, FL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Home Inc reported income of $583k and spending of $570k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $583k (+631%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Forever Home Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Givesendgo Charities ($582k), United Way of Trumbull County ($583k) and Nwga Center for Independent Living ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $286k against liabilities of $0, net assets of $286k.