Foster Love Project

Analysis

Foster Love Project is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Love Project reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $1.1m (+229%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foster Love Project sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Project Main Street Inc ($1.1m), USA Basketball Foundation ($1.1m) and The Delaware County Intermediate Unit Education Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $77k (7.0% of expenses). Other salaries and wages came to $253k. At year end it held assets of $700k against liabilities of $33k, net assets of $667k. It reported 10 employees.