Fosters Solutions

Analysis

Fosters Solutions is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Fosters Solutions reported income of $120k and spending of $72k, leaving 40% of income unspent that year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fosters Solutions sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Asi Rochester Inc ($120k), Southwest Florida Gwi Housing XV Inc ($120k) and Pos Port of Support & Pathwayz to Success ($120k).

At year end it held assets of $769k against liabilities of $529k, net assets of $240k.