Faith and Fostering

Analysis

Faith and Fostering is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Faith and Fostering reported income of $705k and spending of $378k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $338k to $705k (+109%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith and Fostering sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include RHF Holdings Group Inc ($705k), Ujima Community Developmentcorporation ($705k) and San Mateo County Colleges Educational Housing Corporation ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $157k (42% of expenses). At year end it held assets of $499k against liabilities of $3,190, net assets of $496k. It reported 6 employees.