Foster Love

Analysis

Foster Love is a registered charity in United States, based in Beebe, AR. It received its IRS tax-exemption ruling in September 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 Love reported income of $78k and spending of $101k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $78k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Love sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within AR. Charities of a similar size with the same main cause include Heartland Residence Inc ($78k), Val Verde County Loaves and Fishes ($78k) and Main Street Ozark Inc ($78k).

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 $8,584 against liabilities of $2,395, net assets of $6,189.