Fostering Hope

Analysis

Fostering Hope is a registered charity in United States, based in Carl Junction, MO. It received its IRS tax-exemption ruling in February 2015, 11 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 Hope reported income of $208k and spending of $167k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $208k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Hope sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within MO. Charities of a similar size with the same main cause include Guadalupe County Housing Development Inc ($208k), Womens Initiatives That Strengthen and Empower ($208k) and Creative Environments Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $31k (18% of expenses). At year end it held assets of $184k against liabilities of $0, net assets of $184k.