Northeast Foster Care Inc

Analysis

Northeast Foster Care Inc is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in May 1993, 33 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, Northeast Foster Care Inc reported income of $328k and spending of $378k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $328k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northeast Foster Care Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include North American Vegetarian Society ($328k), Dress Best for Less ($329k) and Hope Outdoors ($328k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $45k (12% of expenses). Other salaries and wages came to $182k. At year end it held assets of $147k against liabilities of $50k, net assets of $97k. It reported 7 employees.