Boost a Foster Family Inc

Analysis

Boost a Foster Family Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boost a Foster Family Inc reported income of $314k and spending of $266k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $314k (+29%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boost a Foster Family Inc 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 60th percentile within AZ. Charities of a similar size with the same main cause include Serenity Group Family Therapy Inc ($314k), African-American Advocacy Center for Persons with Disabilities Inc ($314k) and Northern Star Transitional Independent Living Inc ($314k).

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 $24k (9.0% of expenses). At year end it held assets of $204k against liabilities of $2,867, net assets of $201k.