Fostering Roots Inc

Analysis

Fostering Roots Inc is a registered charity in United States, based in Ellijay, GA. 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 (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 Roots Inc reported income of $75k and spending of $44k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $75k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fostering Roots Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Lend a Hand Center Inc ($75k), Hearts & Hands ($75k) and Pioneer Electric Cooperative Charitable Foundation ($75k).

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 $89k against liabilities of $5,668, net assets of $83k.