Fostering the Light Foundation

Analysis

Fostering the Light Foundation is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Fostering the Light Foundation reported income of $686k and spending of $633k, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $250k to $686k (+174%), an average of +174% a year. The sharpest change came in the year to December 2022, when income rose by 174%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fostering the Light Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include Senior Services Plus Health Care Inc ($686k), Community Supported Anthroposophica L Medicine ($686k) and Ans Guardianship Services Inc ($686k).

Compensation of current officers, directors and key employees was $31k (4.9% of expenses). Other salaries and wages came to $60k. At year end it held assets of $59k against liabilities of $19k, net assets of $39k.