Foster Families Navigation & Resource Center Inc

Analysis

Foster Families Navigation & Resource Center Inc is a registered charity in United States, based in Bay City, MI. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foster Families Navigation & Resource Center Inc reported income of $166k and spending of $122k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $326k to $166k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Families Navigation & Resource Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Last Mile4d ($166k), Universal Peace Foundation of North America ($166k) and Peninsula Poverty Response PPR ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $343k against liabilities of $15k, net assets of $328k.