Fostering Hope Foundation

Analysis

Fostering Hope Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fostering Hope Foundation reported income of $1.3m and spending of $928k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $1.3m (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Fostering Hope Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Remarkable Marriage and Family Institute ($1.3m), Equipment Connections for Children Inc ($1.3m) and Target Dayton Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 2.6% of the total. Other salaries and wages came to $576k. At year end it held assets of $1.4m against liabilities of $30k, net assets of $1.4m. It reported 13 employees.