Fossores

Analysis

Fossores is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fossores reported income of $315k and spending of $281k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $180k to $315k (+75%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fossores sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Turning Hearts Ministries International Inc ($315k), Lutheran Homes of Oconomowoc Charitable Foundation Inc ($315k) and Lakeview Christian Camp Association ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $25k (9.0% of expenses). Other salaries and wages came to $2,400. At year end it held assets of $493k against liabilities of $347k, net assets of $146k. It reported 2 employees.