Foster Kinship

Analysis

Foster Kinship is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 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 December 2023, Foster Kinship reported income of $2.7m and spending of $2.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $2.7m (+331%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Kinship sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include East Texas Crisis Center Inc ($2.7m), Burlington Area YMCA Inc ($2.7m) and Greater Roanoke Workforce Development Board ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $228k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.7m against liabilities of $2.1m, net assets of $1.7m. It reported 47 employees.