Fostering Futures Inc

Analysis

Fostering Futures Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in December 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 December 2023, Fostering Futures Inc reported income of $363k and spending of $326k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $363k (+71%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fostering Futures Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Colorado Cattlemens Foundation ($363k), Beulah Baptist Church ($363k) and Marrs McLean Trust ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $46k (14% of expenses). At year end it held assets of $389k against liabilities of $90k, net assets of $299k. It reported 2 employees.