Foster Nation

Analysis

Foster Nation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 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 Nation reported income of $783k and spending of $705k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $976k to $783k (-20%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Nation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Arc of Greater Pittsburgh ($783k), New Life for Girls Inc ($783k) and The Doves Program ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $105k. At year end it held assets of $954k against liabilities of $30k, net assets of $923k. It reported 3 employees.