Forever Learning Institute Inc
EIN: 351878405 · South Bend, IN · NTEE: B64Z
Is Forever Learning Institute 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 Learning Institute Inc
Forever Learning Institute Inc (EIN: 351878405) is a nonprofit organization based in South Bend, IN, classified under NTEE code B64Z. The organization reported total revenue of $239K and total assets of $370K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forever Learning Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Forever Learning Institute 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 Learning Institute 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.
Frequently Asked Questions about Forever Learning Institute Inc
Is Forever Learning Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forever Learning Institute Inc (EIN: 351878405) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forever Learning Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Forever Learning Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Forever Learning Institute Inc tax-deductible?
Forever Learning Institute Inc is registered as a tax-exempt nonprofit (EIN: 351878405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Forever Learning Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Forever Learning Institute Inc's revenue has grown by 93.9%, moving from $78K to $151K. Total assets increased by 188.9% over the same period, from $92K to $265K. Total functional expenses rose by 61.8%, from $85K to $138K. In its most recent filing year (2023), Forever Learning Institute Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $138K | $265K | $0 | — | View 990 |
| 2022 | $169K | $124K | $255K | $0 | — | View 990 |
| 2021 | $70K | $74K | $240K | $10K | — | — |
| 2020 | $168K | $125K | $224K | $10K | — | View 990 |
| 2019 | $146K | $113K | $175K | $3K | — | View 990 |
| 2018 | $143K | $108K | $141K | $3K | — | View 990 |
| 2017 | $118K | $109K | $107K | $4K | — | View 990 |
| 2016 | $110K | $106K | $94K | $0 | — | View 990 |
| 2015 | $125K | $117K | $91K | $0 | — | View 990 |
| 2014 | $74K | $87K | $83K | $0 | — | View 990 |
| 2013 | $69K | $76K | $97K | $0 | — | View 990 |
| 2012 | $95K | $83K | $104K | $0 | — | View 990 |
| 2011 | $78K | $85K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $138K, and assets of $265K (revenue -10.4% year-over-year).
- 2022: Revenue of $169K, expenses of $124K, and assets of $255K (revenue +142.5% year-over-year).
- 2021: Revenue of $70K, expenses of $74K, and assets of $240K (revenue -58.5% year-over-year).
- 2020: Revenue of $168K, expenses of $125K, and assets of $224K (revenue +15.0% year-over-year).
- 2019: Revenue of $146K, expenses of $113K, and assets of $175K (revenue +1.8% year-over-year).
- 2018: Revenue of $143K, expenses of $108K, and assets of $141K (revenue +21.6% year-over-year).
- 2017: Revenue of $118K, expenses of $109K, and assets of $107K (revenue +7.7% year-over-year).
- 2016: Revenue of $110K, expenses of $106K, and assets of $94K (revenue -12.2% year-over-year).
- 2015: Revenue of $125K, expenses of $117K, and assets of $91K (revenue +69.1% year-over-year).
- 2014: Revenue of $74K, expenses of $87K, and assets of $83K (revenue +7.5% year-over-year).
- 2013: Revenue of $69K, expenses of $76K, and assets of $97K (revenue -27.6% year-over-year).
- 2012: Revenue of $95K, expenses of $83K, and assets of $104K (revenue +21.2% year-over-year).
- 2011: Revenue of $78K, expenses of $85K, and assets of $92K.
Data Sources and Methodology
This transparency report for Forever Learning Institute 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.