Foster One

Analysis

Foster One is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2024, 2 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 One reported income of $198k and spending of $191k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $198k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster One 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 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Uunik Academy Inc ($198k), Skagit Valley Herald Christmas Fund ($198k) and Iron Horse Therapeutic Farm ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.