Fostering Family Ministries Inc

Analysis

Fostering Family Ministries Inc is a registered charity in United States, based in Savannah, OH. It received its IRS tax-exemption ruling in December 2016, 10 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 December 2023, Fostering Family Ministries Inc reported income of $444k and spending of $143k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $247k to $444k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Family Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Hand in Hand Multicultural Center ($444k), El Pueblo ($444k) and Foodright Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $57k (40% of expenses). Other salaries and wages came to $20k. At year end it held assets of $604k against liabilities of $2,583, net assets of $601k. It reported 5 employees.