Fostering Together Gulf Coast

Analysis

Fostering Together Gulf Coast is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 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 Together Gulf Coast reported income of $155k and spending of $169k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $155k (-9.4%), an average of -9.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Together Gulf Coast sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AL. Charities of a similar size with the same main cause include Threshold to New Life ($155k), Guerreras Latinas ($155k) and Abbas Heart Ministries International ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $87k. At year end it held assets of $121k against liabilities of $1,272, net assets of $120k. It reported 3 employees.