Foster Care Alumni of America

Analysis

Foster Care Alumni of America is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 2004, 22 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, Foster Care Alumni of America reported income of $142k and spending of $31k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $142k (+99%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foster Care Alumni of America sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include The Skyline Foundation C/O Skyline Hospital ($142k), Advent Share Ministries Inc ($142k) and Hunt Methodist Foundation Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $258k against liabilities of $0, net assets of $258k.