The@attic Foster Network

Analysis

The@attic Foster Network is a registered charity in United States, based in Midland, TX. 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 (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, The@attic Foster Network reported income of $320k and spending of $305k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $277k to $320k (+16%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The@attic Foster Network sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Society of St Vincent Depaul Central Cascades District Council ($320k), Foreseeable Future Foundation Inc ($321k) and Tender Mercies Ministries ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $124k. It paid $2,332 in professional fundraising fees. At year end it held assets of $415k against liabilities of $7,623, net assets of $407k. It reported 2 employees.