Foster Success Inc

Analysis

Foster Success Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 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, Foster Success Inc reported income of $9.8m and spending of $4.9m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $9.8m (+240%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Success Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Young Mens Christian Association-Columbia ($9.8m), El Programa Hispano Catolico ($9.8m) and For Kids Only Afterschool Incorporated ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $109k (2.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $8.2m against liabilities of $2.3m, net assets of $6.0m. It reported 27 employees.