Fostering Community

Analysis

Fostering Community is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community reported income of $483k and spending of $403k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $483k (+727%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 254%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fostering Community sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Medair United States ($483k), Pakis Family Foundation ($483k) and The University of Santo Tomas Medical Alumni Foundation ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $61k (15% of expenses). Other salaries and wages came to $186k. At year end it held assets of $247k against liabilities of $11k, net assets of $236k.