Foundation for Foster Children Inc

Analysis

Foundation for Foster Children Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in June 2008, 18 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, Foundation for Foster Children Inc reported income of $2.2m and spending of $2.7m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 91%. 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, Foundation for Foster Children Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Lamar County Human Resources Council Inc ($2.2m), Neuse Enterprises Inc ($2.2m) and Partners Resource Network ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $154k (5.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $32k, net assets of $2.3m. It reported 18 employees.