Fostering Solutions

Analysis

Fostering Solutions is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Fostering Solutions reported income of $1.3m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $1.3m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Solutions sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Twice Is Nice Inc ($1.3m), Quality Living Services Inc ($1.3m) and James Island Presbyterian Foundation ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $711k. At year end it held assets of $715k against liabilities of $301k, net assets of $414k. It reported 21 employees.