Foster4love Inc

Analysis

Foster4love Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2022, Foster4love Inc reported income of $382k and spending of $391k, spending 102% of its income. Across the 3 years on record, from March 2020 to March 2022, income grew from $173k to $382k (+121%), an average of +49% a year. The sharpest change came in the year to March 2021, when income rose by 146%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster4love Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Littig House Community Center Inc ($382k), The Highland Haven ($382k) and Trees That Feed Foundation ($382k).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $36k. At year end it held assets of $24k against liabilities of $705, net assets of $23k. It reported 3 employees.