Out of Foster Foundation Inc

Analysis

Out of Foster Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. 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, Out of Foster Foundation Inc reported income of $136k and spending of $68k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $136k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Out of Foster Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Hillel of Dallas ($136k), Habitat for Humanity International Inc ($136k) and Little League Baseball Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.