Fostering Connections

Analysis

Fostering Connections is a registered charity in United States, based in Harvest, AL. 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 (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, Fostering Connections reported income of $117k and spending of $127k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $117k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Connections sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Clarksville Economic Development Association Inc ($117k), Grassroots Community Foundation Inc ($117k) and Manton Area Retirees Club ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $2,046, net assets of $120k.