Foster Avenue Apartments

Analysis

Foster Avenue Apartments is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 August 2023, Foster Avenue Apartments reported income of $507k and spending of $489k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $459k to $507k (+10%), an average of +2.5% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foster Avenue Apartments sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Virginia Institute of Pastoral Care Inc ($507k), Bible Pathway Ministries ($507k) and The Creekers Club ($507k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $1.8m against liabilities of $88k, net assets of $1.7m.