Faithbridge Foster Care Inc

Analysis

Faithbridge Foster Care Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in June 2007, 19 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, Faithbridge Foster Care Inc reported income of $7.9m and spending of $8.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $7.9m (+19%), an average of +4.5% a year. 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, Faithbridge Foster Care Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Katy Christian Ministries ($7.9m), Karamu Nutrition Program ($7.9m) and Anne Carlsen Center Foundation ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $141k (1.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.0m against liabilities of $594k, net assets of $1.4m. It reported 51 employees.