Foster a Life

Analysis

Foster a Life is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 2004, 22 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 May 2023, Foster a Life reported income of $118k and spending of $81k, leaving 31% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $73k to $118k (+62%), an average of +62% a year. The sharpest change came in the year to May 2023, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster a Life sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Helping Hands Inc ($118k), Jeffersons Foundation ($118k) and Jack R Vollertsen Trust ($118k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.