Fosterhope Sacramento

Analysis

Fosterhope Sacramento is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 1988, 38 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 2023, Fosterhope Sacramento reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.4m to $1.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 124%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fosterhope Sacramento sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Park People ($1.6m), New Haven Colony Historical Society ($1.6m) and Habitat for Humanity International Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $93k (6.0% of expenses). Other salaries and wages came to $577k. At year end it held assets of $1.9m against liabilities of $688k, net assets of $1.2m. It reported 36 employees.