Sanctuary Foster Care Services

Analysis

Sanctuary Foster Care Services is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sanctuary Foster Care Services reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $413k to $2.2m (+438%), an average of +75% a year. The sharpest change came in the year to December 2021, when income rose by 374%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sanctuary Foster Care Services sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Hirah Health System Inc ($2.2m), White Feather Farm Inc ($2.2m) and Community Day Nursery ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 47% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $903k against liabilities of $247k, net assets of $656k. It reported 40 employees.