Fostering Life-Changing Opportunities

Analysis

Fostering Life-Changing Opportunities is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in December 2020, 6 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 Life-Changing Opportunities reported income of $168k and spending of $1.1m, spending 670% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $168k (-66%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 663%. 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 Life-Changing Opportunities sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Joyguru Humanitarian Services Inc ($168k), The Friendly Thrift Shop Inc ($168k) and Heritage Manor Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (7.1% of expenses). Other salaries and wages came to $444k. At year end it held assets of $3.7m against liabilities of $112k, net assets of $3.6m. It reported 28 employees.