Foster Care Review Inc

Analysis

Foster Care Review Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 2024, Foster Care Review Inc reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.9m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foster Care Review Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Metro Community Ministries ($1.9m), Philippine-American Education Foundation ($1.9m) and Sakyamuni Buddhist Meditation Association ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $128k (6.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $409k against liabilities of $89k, net assets of $321k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.