Foster Village Memphis

Analysis

Foster Village Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 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, Foster Village Memphis reported income of $51k and spending of $86k, spending 170% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $51k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Village Memphis sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Ten18 Foundation Inc ($51k), Real Life Skills Inc ($51k) and Michael G Reagan Portrait Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $63k against liabilities of $12k, net assets of $51k.