Fostering Change for Children Ltd

Analysis

Fostering Change for Children Ltd is a registered charity in United States, based in Rocky Point, NY. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fostering Change for Children Ltd reported income of $427k and spending of $508k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $585k to $427k (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Change for Children Ltd sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Zillah Food Bank ($427k), The Comfort Cub Program Inc ($427k) and Project Build SWFL ($427k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $145k (29% of expenses). Other salaries and wages came to $213k. At year end it held assets of $115k against liabilities of $35k, net assets of $80k. It reported 31 employees.