Fosters Community Development Center Inc

Analysis

Fosters Community Development Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 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, Fosters Community Development Center Inc reported income of $116k and spending of $109k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $116k (-6.0%), an average of -6.0% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fosters Community Development Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Haitian Hearts Foundation ($116k), Spanish Peaks Community Foundation Inc ($116k) and Family Initiative of the Csra Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $19k against liabilities of $5,307, net assets of $13k.