Foster City Village Inc

Analysis

Foster City Village Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. 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, Foster City Village Inc reported income of $211k and spending of $139k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $234k to $211k (-9.7%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foster City Village Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Richland County Sheriffs Foundation Inc ($211k), McCall Consulting & Associates Inc ($211k) and Bangladesh Medical Association of North America ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $128k against liabilities of $80, net assets of $128k. It reported 3 employees.