Foster College

Analysis

Foster College is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1953, 73 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foster College reported income of $334k and spending of $995k, spending 298% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $598k to $334k (-44%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foster College sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($334k), Scholarshipsa-Z ($334k) and Center for Jewish Living at Cornell Inc ($334k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $387k (39% of expenses). At year end it held assets of $1.0m against liabilities of $698k, net assets of $337k. It reported 8 employees.