We Care Foster Care Inc

Analysis

We Care Foster Care Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2017, 9 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, We Care Foster Care Inc reported income of $265k and spending of $225k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $265k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Care Foster Care Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Foundation House Ministries ($265k), Lifeforce in Later Years Inc ($265k) and Brooke Owens Fellowship ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $83k (37% of expenses). Other salaries and wages came to $27k. At year end it held assets of $88k against liabilities of $3,281, net assets of $85k. It reported 2 employees.