David Foster Foundation

Analysis

David Foster Foundation is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, David Foster Foundation reported income of $1.8m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, David Foster Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Northern Valley Emergency Medical Services Inc ($1.8m), Island Autism Group Inc ($1.8m) and Organization of Teratology Information Specialists NFP ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $144k (7.3% of expenses). At year end it held assets of $2.7m against liabilities of $1.2m, net assets of $1.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.