Quick charity verification for Foreverdads (EIN: 205022110)
Verdict: Foreverdads appears trustworthy
92/100Mission Score
$477KRevenue
$652KAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation for an organization with growing revenue and assets, which could warrant further inquiry into leadership structure and compensation practices.
Strengths
Strong program spending ratio (85% in 2023), indicating efficient use of funds for its mission.
Consistent revenue growth over the past decade, from $188,050 in 2014 to $641,328 in 2023.
Healthy asset growth and low liabilities, demonstrating sound financial management.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
No reported officer compensation, suggesting a highly dedicated or volunteer-led executive team.
Spending Breakdown
How Foreverdads allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Foreverdads
Is Foreverdads a legitimate charity?
Based on AI analysis of IRS 990 filings, Foreverdads (EIN: 205022110) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Foreverdads a good charity to donate to?
Foreverdads has a Mission Score of 92/100. Revenue: $477K. Assets: $652K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foreverdads?
The Employer Identification Number (EIN) for Foreverdads is 205022110. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Foreverdads spend its money?
Foreverdads allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foreverdads's tax-exempt status?
You can verify Foreverdads's tax-exempt status using EIN 205022110 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Foreverdads demonstrates consistent financial growth and a strong commitment to its program services. Over the past decade, the organization has seen its revenue grow significantly, from $188,050 in 2014 to $641,328 in 2023, indicating increasing support and operational capacity. The organization consistently spends a high proportion of its expenses on program services, with 85% allocated in the latest filing period (2023). This efficiency is a positive indicator of its dedication to its mission.
Foreverdads maintains a healthy financial position, with assets growing substantially from $166,124 in 2014 to $609,003 in 2023, while keeping liabilities relatively low. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which further contributes to its operational efficiency and directs more resources to its programs. The organization's financial health appears robust, with a clear focus on program delivery and responsible financial management.
Transparency is high, as evidenced by 13 years of consistent IRS 990 filings and the detailed breakdown of expenses. The absence of officer compensation is a notable point, indicating that leadership is not drawing salaries from the organization, which can be seen as a strong commitment to the cause. Overall, Foreverdads appears to be a well-managed and financially sound nonprofit with a clear dedication to its mission.