The Foster Alliance

Analysis

The Foster Alliance is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, The Foster Alliance reported income of $5.4m and spending of $5.3m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.3m to $5.4m (-26%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Foster Alliance sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Huntingdon County Child and Adult Development Corporation ($5.4m), Foundation for Clovis Schools ($5.4m) and Northern New Mexico College Foundation ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $237k (4.5% of expenses). Other salaries and wages came to $995k. At year end it held assets of $11.1m against liabilities of $194k, net assets of $10.9m. It reported 21 employees.