Foster Source

Analysis

Foster Source is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in January 2017, 9 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, Foster Source reported income of $987k and spending of $987k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $333k to $987k (+196%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Source sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Giggle and Grow ($987k), The Open Door Inc ($987k) and Boulware Mission Inc ($987k).

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 $55k (5.6% of expenses). Other salaries and wages came to $153k. At year end it held assets of $329k against liabilities of $70k, net assets of $259k. It reported 6 employees.