Ark Homes Foster Family Agency

Analysis

Ark Homes Foster Family Agency is a registered charity in United States, based in Rancho Cucamonga, CA. It received its IRS tax-exemption ruling in November 2003, 23 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, Ark Homes Foster Family Agency reported income of $5.4m and spending of $5.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $5.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ark Homes Foster Family Agency sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Jewish Vocational Service of Metro West ($5.4m), West Central Community Services ($5.4m) and Alliance of Community Assistance Ministries Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $257k (4.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $555k, net assets of $1.5m. It reported 69 employees.