Forever Young Child Care Centers

Analysis

Forever Young Child Care Centers is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 1981, 45 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 2024, Forever Young Child Care Centers reported income of $394k and spending of $408k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $375k to $394k (+4.8%), an average of +1.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Young Child Care Centers 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 68th percentile within CA. Charities of a similar size with the same main cause include Abba Womens Center Inc ($394k), Goodfellows Club of Owensboro Kentucky Inc ($394k) and Family Promise of Baldwin Countyinc ($394k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $8,409 against liabilities of $0, net assets of $8,409. 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.