Approachable Foster Family Agency

Analysis

Approachable Foster Family Agency is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Approachable Foster Family Agency reported income of $5.6m and spending of $5.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Approachable Foster Family Agency sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Open Door Food Pantry ($5.6m), Arab American Family Services ($5.6m) and Near West Side Multi Service Corporation ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $509k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $365k, net assets of $1.6m. It reported 35 employees.