Vault Fostering Community

Analysis

Vault Fostering Community is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 2015, 11 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, Vault Fostering Community reported income of $439k and spending of $402k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $332k to $439k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vault Fostering Community sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Katies House Incorporated ($439k), The Freedom & Virtue Institute Inc ($440k) and Thrive-Gulu Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (16% of expenses). Other salaries and wages came to $57k. At year end it held assets of $293k against liabilities of $2,629, net assets of $291k. It reported 3 employees.