Foster the Family

Analysis

Foster the Family is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in February 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, Foster the Family reported income of $935k and spending of $801k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $310k to $935k (+201%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster the Family sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include L Arche Portland ($934k), Injoy Thrift Goldsboro Inc ($935k) and Shield Foundation Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $60k (7.5% of expenses). Other salaries and wages came to $261k. At year end it held assets of $605k against liabilities of $295k, net assets of $310k. It reported 26 employees.