Foster Family Alliance of North Carolina

Analysis

Foster Family Alliance of North Carolina is a registered charity in United States, based in Mebane, NC. It received its IRS tax-exemption ruling in June 2018, 8 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, Foster Family Alliance of North Carolina reported income of $752k and spending of $637k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $752k (+268%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 162%. 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, Foster Family Alliance of North Carolina sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Two Fish and Five Loaves Community Cafe Inc ($752k), Urban Food Connections of Utah ($752k) and United Community Ministries ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $214k. At year end it held assets of $326k against liabilities of $48k, net assets of $278k. It reported 18 employees.