The Heart Matters Foster Family Agency

Analysis

The Heart Matters Foster Family Agency is a registered charity in United States, based in Grand Terrace, CA. It received its IRS tax-exemption ruling in October 2016, 10 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, The Heart Matters Foster Family Agency reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.5m (+99%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Heart Matters Foster Family Agency sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Bethany Retirement Home Inc ($6.5m), Holy Family Day Homes of San Francisco ($6.5m) and Western Association of Food Chains Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $509k (7.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.5m against liabilities of $619k, net assets of $892k. It reported 46 employees.