Foster Advocates

Analysis

Foster Advocates is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 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 Advocates reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $202k to $1.1m (+422%), an average of +74% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Advocates sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Orange Community Action Assn ($1.1m), Assistance League of Santa Ana ($1.1m) and Panhandle Independent Living Center Inc ($1.1m).

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 $162k (15% of expenses). Other salaries and wages came to $425k. It paid $26k in professional fundraising fees. At year end it held assets of $552k against liabilities of $163k, net assets of $390k. It reported 10 employees.