Foster Love Bell County Inc

Analysis

Foster Love Bell County Inc is a registered charity in United States, based in Belton, TX. It received its IRS tax-exemption ruling in July 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, Foster Love Bell County Inc reported income of $322k and spending of $228k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $476k to $322k (-32%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Love Bell County Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include New Hope Counseling Center ($322k), Neighborhood Youth Achievers ($322k) and Progressive Housing of Putnam County Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $105k. At year end it held assets of $761k against liabilities of $34, net assets of $761k. It reported 3 employees.