Foster Florida Inc

Analysis

Foster Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 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 Florida Inc reported income of $556k and spending of $518k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $556k (+134%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Florida Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Manna Storehouse Incorporated ($556k), Individual and Family Support of South Alabama ($556k) and Dyer Co Fair Assn ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $92k (18% of expenses). Other salaries and wages came to $89k. At year end it held assets of $235k against liabilities of $26k, net assets of $209k. It reported 8 employees.