Forever Kids

Analysis

Forever Kids is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in June 2005, 21 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 Kids reported income of $253k and spending of $220k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $253k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 31%. 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 Kids sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Volunteers or America Inc ($253k), Texas Trio Association ($253k) and Wyoming Community Hospital Foundation ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $33k. At year end it held assets of $108k against liabilities of $43k, net assets of $65k. It reported 3 employees.