Fosters Home Foundation

Analysis

Fosters Home Foundation is a registered charity in United States, based in Stephenville, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fosters Home Foundation reported income of $1.7m and spending of $277k, leaving 84% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to August 2022, when income rose by 103%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fosters Home Foundation 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 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Field Library Inc ($1.7m), Disability Law Center of Alaska ($1.7m) and Macula Society Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $160k. At year end it held assets of $19.3m against liabilities of $371k, net assets of $18.9m.