Foster Adopt Connect Inc

Analysis

Foster Adopt Connect Inc is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in September 2001, 25 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, Foster Adopt Connect Inc reported income of $20.8m and spending of $21.9m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $20.8m (+103%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Adopt Connect Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include The Arc of the Farmington Valley Inc ($20.8m), Green County Family YMCA Inc ($20.8m) and Pathways Hospice ($20.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $761k (3.5% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $14.1m against liabilities of $3.1m, net assets of $11.1m. It reported 470 employees.