Forever Bound Adoption
EIN: 800860591 · Mountain Green, UT · NTEE: P31
| Metric | Value |
|---|---|
| Total Revenue | $245K |
| Total Expenses | $199K |
| Net Assets | $466K |
Is Forever Bound Adoption Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forever Bound Adoption
Forever Bound Adoption (EIN: 800860591) is a nonprofit organization based in Mountain Green, UT, classified under NTEE code P31. The organization reported total revenue of $245K and total assets of $473K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forever Bound Adoption's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forever Bound Adoption is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $199K |
| Surplus / Deficit | $-4,445 |
| Total Assets | $460K |
| Net Assets | $466K |
| Operating Margin | -2.3% |
| Months of Reserves | 27.8 months |
Financial Health Grade: C
In 2023, Forever Bound Adoption reported a deficit of $4K with expenses exceeding revenue, holds 27.8 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -12.4% | -1.3% |
| 2022 | -21.4% | +9.8% | -1.9% |
| 2021 | -11.7% | +10.4% | +14.4% |
| 2020 | +34.0% | +8.7% | +41.0% |
| 2019 | +22.3% | +52.3% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forever Bound Adoption has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forever Bound Adoption with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Frequently Asked Questions about Forever Bound Adoption
Is Forever Bound Adoption a legitimate charity?
Based on AI analysis of IRS 990 filings, Forever Bound Adoption (EIN: 800860591) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forever Bound Adoption spend its money?
Detailed spending breakdown data is not yet available for Forever Bound Adoption. Check back for updated IRS 990 analysis.
Are donations to Forever Bound Adoption tax-deductible?
Forever Bound Adoption is registered as a tax-exempt nonprofit (EIN: 800860591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forever Bound Adoption located?
Forever Bound Adoption is headquartered in Mountain Green, Utah and files with the IRS under EIN 800860591. It is classified under NTEE code P31.
How many years of IRS 990 filings does Forever Bound Adoption have?
Forever Bound Adoption has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $245K in total revenue.
Filing History
IRS 990 filing history for Forever Bound Adoption showing financial trends over 11 years of public records:
Total assets increased by 46036000% over the same period, from $1 to $460K. In its most recent filing year (2023), Forever Bound Adoption reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $199K | $460K | $-5,861 | — | View 990 |
| 2022 | $220K | $227K | $467K | $-4,079 | — | View 990 |
| 2021 | $280K | $207K | $475K | $-2,157 | — | View 990 |
| 2020 | $318K | $187K | $416K | $11K | — | — |
| 2019 | $237K | $172K | $295K | $21K | — | View 990 |
| 2018 | $194K | $113K | $239K | $30K | — | View 990 |
| 2017 | $181K | $92K | $159K | $30K | — | View 990 |
| 2016 | $112K | $56K | $71K | $31K | — | View 990 |
| 2015 | $40K | $37K | $14K | $30K | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $199K, and assets of $460K (revenue -11.7% year-over-year).
- 2022: Revenue of $220K, expenses of $227K, and assets of $467K (revenue -21.4% year-over-year).
- 2021: Revenue of $280K, expenses of $207K, and assets of $475K (revenue -11.7% year-over-year).
- 2020: Revenue of $318K, expenses of $187K, and assets of $416K (revenue +34.0% year-over-year).
- 2019: Revenue of $237K, expenses of $172K, and assets of $295K (revenue +22.3% year-over-year).
- 2018: Revenue of $194K, expenses of $113K, and assets of $239K (revenue +6.8% year-over-year).
- 2017: Revenue of $181K, expenses of $92K, and assets of $159K (revenue +62.6% year-over-year).
- 2016: Revenue of $112K, expenses of $56K, and assets of $71K (revenue +177.1% year-over-year).
- 2015: Revenue of $40K, expenses of $37K, and assets of $14K.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forever Bound Adoption:
Data Sources and Methodology
This transparency report for Forever Bound Adoption is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.