Fostering Futures Inc

Analysis

Fostering Futures Inc is a registered charity in United States, based in Winfield, IL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Fostering Futures Inc reported income of $124k and spending of $103k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $211k to $124k (-41%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fostering Futures Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Roxbury Junior Lacrosse Inc ($124k), Young Writers Project Inc ($124k) and Northern Youth Project ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $498k against liabilities of $0, net assets of $498k.