Fostering Great Ideas

Analysis

Fostering Great Ideas is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in March 2011, 15 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, Fostering Great Ideas reported income of $808k and spending of $576k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $808k (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Great Ideas sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Bertie County Y M C a Inc ($808k), Cape Kid Meals Inc ($809k) and A Cup of Cold Water ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $58k (10% of expenses). Other salaries and wages came to $330k. At year end it held assets of $841k against liabilities of $18k, net assets of $823k. It reported 14 employees.