Fostering Hope in Michigan

Analysis

Fostering Hope in Michigan is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2024, Fostering Hope in Michigan reported income of $122k and spending of $103k, spending 85% of its income. Across the 4 years on record, from December 2021 to August 2024, income grew from $81k to $122k (+50%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fostering Hope in Michigan sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Ownership Is the Future Inc ($122k), Sultan School District Foundation ($122k) and Double Angel Inc ($122k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.