Fosters Child Care & Dev Ctr Inc

Analysis

Fosters Child Care & Dev Ctr Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Fosters Child Care & Dev Ctr Inc reported income of $518k and spending of $515k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $363k to $518k (+43%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fosters Child Care & Dev Ctr Inc 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 75th percentile within SC. Charities of a similar size with the same main cause include Bar Harbor Food Pantry ($518k), Womens Fund of Rhode Island ($518k) and Hearts and Hands Faith in Action ($518k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $135k. At year end it held assets of $7,728 against liabilities of $3,862, net assets of $3,866. It reported 4 employees.