Foster Progress

Analysis

Foster Progress is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 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 June 2023, Foster Progress reported income of $512k and spending of $352k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $310k to $512k (+65%), an average of +65% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Progress sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Womens Fund of Hawaii ($512k), Southern Maryland Center for Independent Living Inc ($512k) and Its About Caring for Kids Inc ($512k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $69k (20% of expenses). Other salaries and wages came to $124k. At year end it held assets of $266k against liabilities of $2,219, net assets of $264k. It reported 5 employees.