Fostering Hope Austin

Analysis

Fostering Hope Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 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 August 2023, Fostering Hope Austin reported income of $411k and spending of $683k, spending 166% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $337k to $411k (+22%), an average of +5.1% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Hope Austin sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Home Non-Profit Housing Corp ($410k), Kingdom Kids Childcare Center Inc ($411k) and India Foundation ($410k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $67k (9.8% of expenses). Other salaries and wages came to $433k. At year end it held assets of $83k against liabilities of $0, net assets of $83k. It reported 12 employees.