Foreverdads
Foreverdads shows strong program spending and consistent revenue growth with no reported officer compensation.
EIN: 205022110 · Zanesville, OH · NTEE: P20 · Updated: 2026-03-28
Is Foreverdads Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foreverdads directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foreverdads
Foreverdads (EIN: 205022110) is a nonprofit organization based in Zanesville, OH, classified under NTEE code P20. The organization reported total revenue of $477K and total assets of $652K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foreverdads's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foreverdads with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foreverdads allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Foreverdads consistently reports 0% officer compensation across all 13 available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly unusual for an organization of its size and revenue ($641,328 in 2023).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foreverdads's IRS 990 filings:
- Consistent 0% officer compensation for an organization with growing revenue and assets, which could warrant further inquiry into leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Foreverdads:
- 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.
Frequently Asked Questions about Foreverdads
Is Foreverdads a legitimate charity?
Based on AI analysis of IRS 990 filings, Foreverdads (EIN: 205022110) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Foreverdads spend its money?
Foreverdads directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foreverdads tax-deductible?
Foreverdads is registered as a tax-exempt nonprofit (EIN: 205022110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Foreverdads a good charity?
Based on its financial data, Foreverdads appears to be a very good charity, demonstrating strong program spending (85% in 2023), consistent revenue growth, and no reported officer compensation, suggesting high efficiency and dedication to its mission.
How has Foreverdads' revenue changed over time?
Foreverdads has experienced significant revenue growth, increasing from $188,050 in 2014 to $641,328 in 2023, indicating growing support and operational scale.
What is Foreverdads' financial health?
Foreverdads exhibits strong financial health, with assets growing to $609,003 in 2023 and liabilities remaining relatively low at $21,568, indicating a solid balance sheet.
Does Foreverdads spend efficiently?
Yes, Foreverdads spends very efficiently, allocating 85% of its expenses to program services in 2023, which is a strong indicator of mission focus.
Why is officer compensation 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or compensated in a manner not categorized as officer compensation on the 990, which is a notable characteristic for an organization of its size.
Filing History
IRS 990 filing history for Foreverdads showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foreverdads's revenue has grown by 257.2%, moving from $180K to $641K. Total assets increased by 878.6% over the same period, from $62K to $609K. Total functional expenses rose by 126.8%, from $202K to $458K. In its most recent filing year (2023), Foreverdads reported a surplus of $184K, with revenue exceeding expenses. The organization holds $22K in liabilities against $609K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $587K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $641K | $458K | $609K | $22K | — | — |
| 2022 | $430K | $337K | $473K | $62K | — | View 990 |
| 2021 | $505K | $438K | $329K | $7K | — | View 990 |
| 2020 | $469K | $435K | $270K | $45K | — | — |
| 2019 | $461K | $351K | $238K | $47K | — | View 990 |
| 2018 | $261K | $210K | $125K | $43K | — | View 990 |
| 2017 | $205K | $209K | $83K | $51K | — | View 990 |
| 2016 | $232K | $179K | $61K | $26K | — | View 990 |
| 2015 | $213K | $220K | $36K | $65K | — | View 990 |
| 2014 | $188K | $149K | $166K | $163K | — | View 990 |
| 2013 | $136K | $127K | $121K | $157K | — | View 990 |
| 2012 | $91K | $88K | $73K | $99K | — | View 990 |
| 2011 | $180K | $202K | $62K | $91K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $641K, expenses of $458K, and assets of $609K (revenue +49.1% year-over-year).
- 2022: Revenue of $430K, expenses of $337K, and assets of $473K (revenue -14.9% year-over-year).
- 2021: Revenue of $505K, expenses of $438K, and assets of $329K (revenue +7.8% year-over-year).
- 2020: Revenue of $469K, expenses of $435K, and assets of $270K (revenue +1.6% year-over-year).
- 2019: Revenue of $461K, expenses of $351K, and assets of $238K (revenue +76.7% year-over-year).
- 2018: Revenue of $261K, expenses of $210K, and assets of $125K (revenue +27.1% year-over-year).
- 2017: Revenue of $205K, expenses of $209K, and assets of $83K (revenue -11.4% year-over-year).
- 2016: Revenue of $232K, expenses of $179K, and assets of $61K (revenue +8.8% year-over-year).
- 2015: Revenue of $213K, expenses of $220K, and assets of $36K (revenue +13.3% year-over-year).
- 2014: Revenue of $188K, expenses of $149K, and assets of $166K (revenue +38.3% year-over-year).
- 2013: Revenue of $136K, expenses of $127K, and assets of $121K (revenue +49.6% year-over-year).
- 2012: Revenue of $91K, expenses of $88K, and assets of $73K (revenue -49.4% year-over-year).
- 2011: Revenue of $180K, expenses of $202K, and assets of $62K.
Data Sources and Methodology
This transparency report for Foreverdads 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.