Foster Hearts

Analysis

Foster Hearts is a registered charity in United States, based in Bellingham, WA. 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 (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 Hearts reported income of $251k and spending of $320k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $333k to $251k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Hearts sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Heart Heroes Inc ($251k), On Our Own Frederick County Inc ($251k) and Xzone Community Centers ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (24% of expenses). It paid $15 in professional fundraising fees. At year end it held assets of $64k against liabilities of $1,443, net assets of $63k.