Forever Philanthropies Inc

Analysis

Forever Philanthropies Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in April 2010, 16 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 (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 Philanthropies Inc reported income of $88k and spending of $138k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $99k to $88k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 127% 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 Philanthropies Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within AZ. Charities of a similar size with the same main cause include Shiviti Inc ($88k), Guilford Fund for Education Inc ($88k) and Brian S McCarthy Memorial Foundation ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.