Fostering Hope Inc

Analysis

Fostering Hope Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fostering Hope Inc reported income of $376k and spending of $302k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $395k to $376k (-4.7%), an average of -1.6% a year. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Hope Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within OK. Charities of a similar size with the same main cause include Broad Street Market Alliance ($376k), Mathieu International Foundation Corp ($376k) and Abc Crisis Pregnancy Center Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $63k. At year end it held assets of $665k against liabilities of $4,481, net assets of $661k. It reported 6 employees.