Forever 49 Foundation

Analysis

Forever 49 Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 49 Foundation reported income of $103k and spending of $30k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $103k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forever 49 Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Montrose High School Band Boosters Inc ($103k), Scott Valley Scholarships and Educational Wards Inc ($103k) and Mulligan Concept Teacher Association ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $340k against liabilities of $0, net assets of $340k.