Fostering Hope

Analysis

Fostering Hope is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in September 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, Fostering Hope reported income of $180k and spending of $114k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $180k (+71%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Hope sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Real Mission Inc ($180k), Birthstone Corporation ($180k) and Westminster Center for Personal Development ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.