Marin Foster Care Association

Analysis

Marin Foster Care Association is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Marin Foster Care Association reported income of $1.4m and spending of $763k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $465k to $1.4m (+201%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marin Foster Care Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Denver Street School ($1.4m) and Deepwood Industries Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $5,240 (0.7% of expenses). Other salaries and wages came to $196k. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 7 employees.