Fostering Hope Florida Inc

Analysis

Fostering Hope Florida Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2023, Fostering Hope Florida Inc reported income of $185k and spending of $212k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $185k (+54%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Hope Florida Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Citizens Project ($185k), High Point Advocacy and Resource Center Inc ($185k) and Towers of Excellence ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $50k. At year end it held assets of $115k against liabilities of $158k, net assets of -$43k. It reported 5 employees.