Foster Forward

Analysis

Foster Forward is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Foster Forward reported income of $2.8m and spending of $2.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2022, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Forward sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Womenrising Inc ($2.8m), Community Based Connections ($2.8m) and Annie Malone Children and Family Service Center ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $131k (4.6% of expenses). Other salaries and wages came to $868k. At year end it held assets of $5.3m against liabilities of $1.8m, net assets of $3.5m. It reported 40 employees.