I Foster Inc

Analysis

I Foster Inc is a registered charity in United States, based in Truckee, CA. It received its IRS tax-exemption ruling in October 2010, 16 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 June 2023, I Foster Inc reported income of $4.0m and spending of $5.6m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.0m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, I Foster Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Solutions for Change Inc ($4.0m), Musana Community Development Organization ($4.0m) and Rahima International Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $429k (7.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.6m against liabilities of $706k, net assets of $4.9m. It reported 231 employees.