Fosterful

Analysis

Fosterful is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in March 2017, 9 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, Fosterful reported income of $574k and spending of $559k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $165k to $574k (+248%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fosterful sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Heal Africa USA ($574k), Three Squares New England ($575k) and Development Solutions Inc ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $79k (14% of expenses). Other salaries and wages came to $250k. At year end it held assets of $500k against liabilities of $6,525, net assets of $493k. It reported 6 employees.