Foster Village Charlotte

Analysis

Foster Village Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2018, 8 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 Village Charlotte reported income of $616k and spending of $540k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $616k (+185%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Village Charlotte sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Rescue Fund ($616k), Women Empowered for Entrepreneurial Excellence ($616k) and Port Ministries ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (20% of expenses). Other salaries and wages came to $157k. At year end it held assets of $912k against liabilities of $46k, net assets of $866k. It reported 9 employees.