Fosterall

Analysis

Fosterall is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in June 1986, 40 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 June 2023, Fosterall reported income of $1.9m and spending of $1.4m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fosterall sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Minnesota Masonic Elder Services ($1.9m), Bay Oaks Historic Retirement Residence Inc ($1.9m) and The AIDS Institute Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $181k (13% of expenses). Other salaries and wages came to $592k. At year end it held assets of $3.0m against liabilities of $299k, net assets of $2.7m. It reported 38 employees.