Foster Alumni Mentors

Analysis

Foster Alumni Mentors is a registered charity in United States, based in Grand Junction, CO. It received its IRS tax-exemption ruling in March 2019, 7 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 Alumni Mentors reported income of $309k and spending of $310k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $229k to $309k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Alumni Mentors sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Wise Penny Inc ($309k), Hope Unexpected ($309k) and Thrift Shop ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $77k (25% of expenses). Other salaries and wages came to $78k. At year end it held assets of $75k against liabilities of $0, net assets of $75k. It reported 4 employees.