Forever Kings Inc

Analysis

Forever Kings Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2019, 7 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 June 2023, Forever Kings Inc reported income of $394k and spending of $397k, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $216k to $394k (+82%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Kings Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Grace Solutions ($393k), Family Promise of Baldwin Countyinc ($394k) and Rowan County Agriculture & Industrial Fair Assoc Inc ($393k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (15% of expenses). It paid $20k in professional fundraising fees. At year end it held assets of $26k against liabilities of $0, net assets of $26k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.