Fostering Restoration Ministries

Analysis

Fostering Restoration Ministries is a registered charity in United States, based in Midland, TX. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fostering Restoration Ministries reported income of $72k and spending of $39k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $72k (+13%), an average of +13% a year. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Restoration Ministries sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include F W Hirt Employee Emergency Fund ($72k), Rustic Love ($72k) and Sproutin Up Corporation ($72k).

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 $143k against liabilities of $0, net assets of $143k.