Fostering Media Connections

Analysis

Fostering Media Connections is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2023, Fostering Media Connections reported income of $1.6m and spending of $2.0m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $960k to $1.6m (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Media Connections sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Debt Education and Certification Foundation ($1.6m), Baby Bundles ($1.6m) and Familytime Crisis and Counseling Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $225k (11% of expenses). Other salaries and wages came to $932k. At year end it held assets of $1.1m against liabilities of $302k, net assets of $758k. It reported 22 employees.