Foster Well Inc

Analysis

Foster Well Inc is a registered charity in United States, based in Landenberg, PA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foster Well Inc reported income of $62k and spending of $64k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $62k (+5.0%), an average of +5.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Well Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Brigade of Mercy ($62k), Reverend Simeons Community Service Fund ($62k) and Common Connections ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $36k against liabilities of $490, net assets of $36k.