Forever Families Inc
EIN: 311623965 · Knoxville, TN · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $307K |
| Total Expenses | $327K |
| Net Assets | $753K |
Is Forever Families Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forever Families Inc
Forever Families Inc (EIN: 311623965) is a nonprofit organization based in Knoxville, TN, classified under NTEE code X20. The organization reported total revenue of $307K and total assets of $793K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forever Families Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forever Families Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $327K |
| Surplus / Deficit | $-20,448 |
| Total Assets | $793K |
| Total Liabilities | $41K |
| Net Assets | $753K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 29.1 months |
Financial Health Grade: B
In 2023, Forever Families Inc reported a deficit of $20K with expenses exceeding revenue, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Forever Families Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.4% | -1.5% | +0.3% |
| 2022 | +35.0% | +6.7% | +32.9% |
| 2021 | +4.4% | -21.7% | +8.3% |
| 2020 | -10.2% | +5.5% | +30.1% |
| 2019 | +5.8% | +12.2% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forever Families Inc 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 Families Inc 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Frequently Asked Questions about Forever Families Inc
Is Forever Families Inc a legitimate charity?
Forever Families Inc (EIN: 311623965) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $307K. No red flags identified. Financial health grade: B.
How does Forever Families Inc spend its money?
Forever Families Inc reported $307K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forever Families Inc tax-deductible?
Forever Families Inc is registered as a tax-exempt nonprofit (EIN: 311623965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forever Families Inc located?
Forever Families Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 311623965. It is classified under NTEE code X20.
How many years of IRS 990 filings does Forever Families Inc have?
Forever Families Inc has 13 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 $307K in total revenue.
Filing History
IRS 990 filing history for Forever Families Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forever Families Inc's revenue has declined by 28.3%, moving from $428K to $307K. Total assets increased by 118.6% over the same period, from $363K to $793K. Total functional expenses fell by 17.8%, from $398K to $327K. In its most recent filing year (2023), Forever Families Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $41K in liabilities against $793K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $753K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $327K | $793K | $41K | — | View 990 |
| 2022 | $596K | $332K | $791K | $49K | — | View 990 |
| 2021 | $441K | $312K | $595K | $116K | — | View 990 |
| 2020 | $423K | $398K | $549K | $200K | — | View 990 |
| 2019 | $471K | $377K | $422K | $97K | — | View 990 |
| 2018 | $445K | $336K | $362K | $131K | — | View 990 |
| 2017 | $557K | $330K | $297K | $25K | — | View 990 |
| 2016 | $342K | $357K | $136K | $92K | — | View 990 |
| 2015 | $307K | $317K | $138K | $78K | — | View 990 |
| 2014 | $368K | $293K | $165K | $95K | — | View 990 |
| 2013 | $238K | $275K | $81K | $86K | — | View 990 |
| 2012 | $317K | $340K | $129K | $97K | — | View 990 |
| 2011 | $428K | $398K | $363K | $309K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $327K, and assets of $793K (revenue -48.4% year-over-year).
- 2022: Revenue of $596K, expenses of $332K, and assets of $791K (revenue +35.0% year-over-year).
- 2021: Revenue of $441K, expenses of $312K, and assets of $595K (revenue +4.4% year-over-year).
- 2020: Revenue of $423K, expenses of $398K, and assets of $549K (revenue -10.2% year-over-year).
- 2019: Revenue of $471K, expenses of $377K, and assets of $422K (revenue +5.8% year-over-year).
- 2018: Revenue of $445K, expenses of $336K, and assets of $362K (revenue -20.2% year-over-year).
- 2017: Revenue of $557K, expenses of $330K, and assets of $297K (revenue +63.0% year-over-year).
- 2016: Revenue of $342K, expenses of $357K, and assets of $136K (revenue +11.4% year-over-year).
- 2015: Revenue of $307K, expenses of $317K, and assets of $138K (revenue -16.6% year-over-year).
- 2014: Revenue of $368K, expenses of $293K, and assets of $165K (revenue +54.4% year-over-year).
- 2013: Revenue of $238K, expenses of $275K, and assets of $81K (revenue -24.9% year-over-year).
- 2012: Revenue of $317K, expenses of $340K, and assets of $129K (revenue -25.9% year-over-year).
- 2011: Revenue of $428K, expenses of $398K, and assets of $363K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forever Families Inc:
Data Sources and Methodology
This transparency report for Forever Families Inc 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.