Hope Fostered Inc

Analysis

Hope Fostered Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 2022, 4 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, Hope Fostered Inc reported income of $128k and spending of $107k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $128k (+97%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Fostered Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within KS. Charities of a similar size with the same main cause include Deforest Area Needs Network Inc ($128k), Cadillac Senior Center ($129k) and Guardians of the National Cemetery Foundation ($128k).

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 $20k against liabilities of $1,835, net assets of $18k.