Fosterclub

Analysis

Fosterclub is a registered charity in United States, based in Seaside, OR. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Fosterclub reported income of $6.7m and spending of $3.5m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $6.7m (+236%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fosterclub sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Nassau County Police Activity League Inc ($6.6m), Variety Boys and Girls Club of Queens Inc ($6.7m) and Girl Scouts of Northern Illinois ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $127k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $249k, net assets of $4.8m. It reported 21 employees.