Forever Young Foundation

Analysis

Forever Young Foundation is a registered charity in United States, based in Bountiful, UT. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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, Forever Young Foundation reported income of $3.9m and spending of $3.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Forever Young Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include My Sisters Place Inc ($3.9m), San Jose Christian School ($3.9m) and Murrysville Medic No 1 ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $191k (5.4% of expenses). At year end it held assets of $7.6m against liabilities of $115k, net assets of $7.5m. It reported 2 employees.