Fostoria Vision 2020 Inc

Analysis

Fostoria Vision 2020 Inc is a registered charity in United States, based in Fostoria, OH. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Fostoria Vision 2020 Inc reported income of $305k and spending of $65k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $305k (+716%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 408%. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fostoria Vision 2020 Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Hazel Dell Non-Profit Housing ($305k), Erika&eric Home of Care II Inc ($305k) and Dickinson Iron Non Profit Housing Corp ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 1.5% of the total. At year end it held assets of $356k against liabilities of $0, net assets of $356k.