Housing & Shelter (L410) IRS Verified DX Registered 990 on File

FORKIDS INC

EIN: 54-1477799 · CHESAPEAKE, VA 23324-2444 · United States · FY 2025 Data

3 out of 5 55 / 100 Based on 2+ years of filings

Financial strength (30%) 74/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The ForKids team is committed to our mission of breaking the cycle of homelessness and poverty for families and children. Thirty-two years ago, concern for families with children sleeping on local beaches and visiting food pantries led to a coalition of churches joining forces with ForKids to open an 8-family emergency shelter in Norfolk. Originally operating with a volunteer staff, ForKids worked with local officials to expand services into neighboring cities, added a hotel voucher program to increase shelter capacity and incorporated a system of holistic support services. Since 1988, our service delivery model has evolved strategically to foster strong families and secure the futures of the children we serve.

Financial Overview — FY 2025

$12.8M

Total Revenue

$14.7M

Total Expenses

$27.6M

Net Assets

175

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 85.7%

Fundraising Efficiency 396.1%

Operating Reserve 22.53x

Liability-to-Asset 1.4%

Revenue Diversification 96.0%

Executive Compensation $681K

Compared with Peers

FY 2025

Compared with 177 similar organizations (United States, Housing & Shelter, $10M–$100M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	85.7%	87.8%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	9.7%	8.7%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	4.7%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	396.1%	817.7%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	22.5 mo	9.4 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	1.4%	46.6%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	96.0%	89.5%	P10P90	Below median
Revenue growth Year over year revenue growth	1.1%	6.5%	P10P90
Expense growth Year over year expense growth	10.0%	7.5%	P10P90
Surplus margin Surplus as a share of revenue	-14.8%	2.6%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$12.8M	$14.7M	$27.6M	85.7%	175
2024	$12.7M	$13.4M	$29.1M	87.6%	179
2023	$11.8M	$11.7M	$29.5M	86.8%	166
2022	$10.6M	$10.1M	$29.2M	89.3%	141
2021	$15.6M	$13.9M	N/A	—	141

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Organization Details

EIN: 54-1477799
State: VA
City: CHESAPEAKE
ZIP: 23324-2444
Classification: L410
Category: Housing & Shelter
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1988
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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