Forever Homes for Foster Kids

Analysis

Forever Homes for Foster Kids is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Forever Homes for Foster Kids reported income of $56k and spending of $72k, spending 128% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $66k to $56k (-16%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forever Homes for Foster Kids sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include South Whidbey Tilth Association ($56k), The Bridge Institute Inc ($56k) and Distinctive Care Homes Inc ($56k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (100% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.