Foster Heart Hope

Analysis

Foster Heart Hope is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2021, 5 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 Heart Hope reported income of $218k and spending of $127k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $218k (+3.9%), an average of +3.9% a year. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Heart Hope sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within NE. Charities of a similar size with the same main cause include J T Townsend Foundation Inc ($218k), Bliss & Wisdom Culture and Education Organization ($218k) and St Luke Community Development Center Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $18k (14% of expenses). Other salaries and wages came to $12k. It paid $4,592 in professional fundraising fees. At year end it held assets of $254k against liabilities of $5,289, net assets of $249k. It reported 3 employees.