Franklin County Foster Closet

Analysis

Franklin County Foster Closet is a registered charity in United States, based in Union, MO. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Franklin County Foster Closet reported income of $127k and spending of $125k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $127k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Franklin County Foster Closet sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MO. Charities of a similar size with the same main cause include Stream for a Cause Inc ($127k), The Arc of Mercer County Foundation ($127k) and Red Lion Area Educational Foundation ($127k).

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 $45k against liabilities of $3,536, net assets of $41k.