Forever Morgans Rescue Inc
EIN: 454935830 · Castleton, VT · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $50K |
| Net Assets | $67K |
Is Forever Morgans Rescue 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 Morgans Rescue Inc
Forever Morgans Rescue Inc (EIN: 454935830) is a nonprofit organization based in Castleton, VT, classified under NTEE code D20. The organization reported total revenue of $25K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forever Morgans Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forever Morgans Rescue Inc is a micro nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $50K |
| Surplus / Deficit | +$60K |
| Total Assets | $67K |
| Net Assets | $67K |
| Operating Margin | 54.4% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Forever Morgans Rescue Inc reported a surplus of $60K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Forever Morgans Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +118.7% | -10.8% | +760.6% |
| 2022 | -44.9% | -49.1% | -43.1% |
| 2021 | +22.7% | +96.4% | -61.4% |
| 2020 | +32.8% | +27.4% | +107.6% |
| 2019 | +22.6% | -13.9% | +215.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forever Morgans Rescue 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 Morgans Rescue 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 surplus of $60K, with revenue exceeding expenses.
Frequently Asked Questions about Forever Morgans Rescue Inc
Is Forever Morgans Rescue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forever Morgans Rescue Inc (EIN: 454935830) insufficient data. 0 red flags identified, 0 strengths noted.
How does Forever Morgans Rescue Inc spend its money?
Detailed spending breakdown data is not yet available for Forever Morgans Rescue Inc. Check back for updated IRS 990 analysis.
Are donations to Forever Morgans Rescue Inc tax-deductible?
Forever Morgans Rescue Inc is registered as a tax-exempt nonprofit (EIN: 454935830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forever Morgans Rescue Inc located?
Forever Morgans Rescue Inc is headquartered in Castleton, Vermont and files with the IRS under EIN 454935830. It is classified under NTEE code D20.
How many years of IRS 990 filings does Forever Morgans Rescue Inc have?
Forever Morgans Rescue Inc has 12 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 $25K in total revenue.
Filing History
IRS 990 filing history for Forever Morgans Rescue Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Forever Morgans Rescue Inc's revenue has grown by 2.8%, moving from $107K to $110K. Total assets increased by 1654.9% over the same period, from $4K to $67K. Total functional expenses fell by 50.7%, from $101K to $50K. In its most recent filing year (2023), Forever Morgans Rescue Inc reported a surplus of $60K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $50K | $67K | $0 | — | — |
| 2022 | $50K | $56K | $8K | $0 | — | View 990 |
| 2021 | $91K | $110K | $14K | $0 | — | — |
| 2020 | $74K | $56K | $36K | $0 | — | — |
| 2019 | $56K | $44K | $17K | $0 | — | View 990 |
| 2018 | $45K | $51K | $5K | $0 | — | View 990 |
| 2017 | $65K | $60K | $8K | $0 | — | View 990 |
| 2016 | $59K | $57K | $8K | $0 | — | View 990 |
| 2015 | $84K | $93K | $6K | $0 | — | View 990 |
| 2014 | $77K | $79K | $16K | $0 | — | View 990 |
| 2013 | $79K | $69K | $16K | $0 | — | View 990 |
| 2012 | $107K | $101K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $50K, and assets of $67K (revenue +118.7% year-over-year).
- 2022: Revenue of $50K, expenses of $56K, and assets of $8K (revenue -44.9% year-over-year).
- 2021: Revenue of $91K, expenses of $110K, and assets of $14K (revenue +22.7% year-over-year).
- 2020: Revenue of $74K, expenses of $56K, and assets of $36K (revenue +32.8% year-over-year).
- 2019: Revenue of $56K, expenses of $44K, and assets of $17K (revenue +22.6% year-over-year).
- 2018: Revenue of $45K, expenses of $51K, and assets of $5K (revenue -29.9% year-over-year).
- 2017: Revenue of $65K, expenses of $60K, and assets of $8K (revenue +10.8% year-over-year).
- 2016: Revenue of $59K, expenses of $57K, and assets of $8K (revenue -30.3% year-over-year).
- 2015: Revenue of $84K, expenses of $93K, and assets of $6K (revenue +9.2% year-over-year).
- 2014: Revenue of $77K, expenses of $79K, and assets of $16K (revenue -3.1% year-over-year).
- 2013: Revenue of $79K, expenses of $69K, and assets of $16K (revenue -25.6% year-over-year).
- 2012: Revenue of $107K, expenses of $101K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forever Morgans Rescue Inc:
Data Sources and Methodology
This transparency report for Forever Morgans Rescue 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.