Foster Village Inc

Analysis

Foster Village Inc is a registered charity in United States, based in Dripping SPGS, TX. 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, Foster Village Inc reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $764k to $1.6m (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Village Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Center for Independent Living of South Florida Inc ($1.6m), Sebastian Retired Citizens Assoc ($1.6m) and Enfield Food Shelf Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $76k (4.3% of expenses). Other salaries and wages came to $627k. At year end it held assets of $895k against liabilities of $1,723, net assets of $893k. It reported 16 employees.