Fostering Faithfully

Analysis

Fostering Faithfully is a registered charity in United States, based in Westminster, SC. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fostering Faithfully reported income of $123k and spending of $118k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $123k (+3.8%), an average of +3.8% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Faithfully sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include Mydream Global Foundation a NJ Nonprofit Corporation ($123k), RVC Community Fund Inc ($123k) and The Pearson Foundation ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.