Family Extension Foster Care Inc

Analysis

Family Extension Foster Care Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in August 2007, 19 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, Family Extension Foster Care Inc reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Extension Foster Care Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Victory Christian School Association ($2.2m), International Dyslexia Association Inc ($2.2m) and The Crowley Carter Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $249k (13% of expenses). Other salaries and wages came to $274k. At year end it held assets of $1.3m against liabilities of $139k, net assets of $1.1m. It reported 8 employees.