Fostering Unity

Analysis

Fostering Unity is a registered charity in United States, based in Acton, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. 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 Unity reported income of $259k and spending of $279k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $234k to $259k (+11%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fostering Unity sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Pacific Grove Public Library Friends and Foundation ($259k), Amvets Charities Inc ($259k) and Ankeny Athletic Booster Club ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $65k (23% of expenses). Other salaries and wages came to $94k. At year end it held assets of $12k against liabilities of $764, net assets of $11k. It reported 4 employees.