Faithbridge Foster Care Inc
Faithbridge Foster Care Inc shows consistent growth and strong financial management with no reported officer compensation.
EIN: 205162251 · Alpharetta, GA · NTEE: P32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.3M |
| Total Expenses | $8.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7.8 |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Is Faithbridge Foster Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faithbridge Foster Care Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faithbridge Foster Care Inc
Faithbridge Foster Care Inc (EIN: 205162251) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code P32. The organization reported total revenue of $11.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faithbridge Foster Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faithbridge Foster Care Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-183,558 |
| Total Assets | $2.0M |
| Total Liabilities | $594K |
| Net Assets | $1.4M |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2023, Faithbridge Foster Care Inc reported a deficit of $184K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faithbridge Foster Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +9.5% | -13.5% |
| 2022 | +0.2% | +6.7% | +25.4% |
| 2021 | +7.4% | -3.1% | +16.9% |
| 2020 | +8.0% | +8.0% | +53.0% |
| 2019 | +16.7% | +17.8% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faithbridge Foster Care Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Faithbridge Foster Care Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $184K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($7.8 million in revenue in 2023) and suggests either a fully volunteer leadership or that executive compensation is reported under other expense categories, requiring further clarification.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Faithbridge Foster Care Inc's IRS 990 filings:
- Unusual 0% officer compensation reported, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for Faithbridge Foster Care Inc:
- Consistent revenue growth over the past decade, indicating strong donor support and program demand.
- Healthy asset growth, improving financial stability and capacity.
- Generally sound financial management with revenues often exceeding or closely matching expenses.
- Mission-aligned NTEE code (P32 - Foster Care) with clear focus.
Frequently Asked Questions about Faithbridge Foster Care Inc
Is Faithbridge Foster Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faithbridge Foster Care Inc (EIN: 205162251) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Faithbridge Foster Care Inc spend its money?
Faithbridge Foster Care Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faithbridge Foster Care Inc tax-deductible?
Faithbridge Foster Care Inc is registered as a tax-exempt nonprofit (EIN: 205162251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Faithbridge Foster Care Inc CEO make?
Faithbridge Foster Care Inc's highest-compensated officer earns $7.8 annually. The organization reported $11.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Faithbridge Foster Care Inc's spending goes to programs?
Faithbridge Foster Care Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Faithbridge Foster Care Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Faithbridge Foster Care Inc is above average for NTEE category P32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faithbridge Foster Care Inc located?
Faithbridge Foster Care Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 205162251. It is classified under NTEE code P32.
How many years of IRS 990 filings does Faithbridge Foster Care Inc have?
Faithbridge Foster Care Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.3M in total revenue.
How does Faithbridge Foster Care Inc manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer-led executive team or that executive compensation is categorized under other expense lines, such as salaries and wages for non-officer staff, which would require further investigation to understand the true administrative overhead.
What caused the slight deficit in the 2023 fiscal year?
In 2023, Faithbridge Foster Care Inc reported expenses of $8,050,401 against revenues of $7,866,843, resulting in a minor deficit. While the specific causes are not detailed in the summary data, it could be due to increased program expansion, one-time capital expenditures, or a temporary dip in fundraising, which is not uncommon for growing organizations.
What is the organization's long-term strategy for asset growth?
Faithbridge Foster Care Inc has shown consistent asset growth, from $556,353 in 2014 to $1,955,086 in 2023. This indicates a strategy of reinvesting surpluses and building reserves, which contributes to long-term stability and capacity for future program expansion, though specific details on their asset management strategy are not provided in the summary.
Filing History
IRS 990 filing history for Faithbridge Foster Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faithbridge Foster Care Inc's revenue has grown by 144.7%, moving from $3.2M to $7.9M. Total assets increased by 147.5% over the same period, from $790K to $2.0M. Total functional expenses rose by 157.4%, from $3.1M to $8.1M. In its most recent filing year (2023), Faithbridge Foster Care Inc reported a deficit of $184K, with expenses exceeding revenue. The organization holds $594K in liabilities against $2.0M in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $8.1M | $2.0M | $594K | — | — |
| 2022 | $7.7M | $7.4M | $2.3M | $641K | — | View 990 |
| 2021 | $7.7M | $6.9M | $1.8M | $571K | — | View 990 |
| 2020 | $7.1M | $7.1M | $1.5M | $1.1M | — | — |
| 2019 | $6.6M | $6.6M | $1.0M | $549K | — | View 990 |
| 2018 | $5.7M | $5.6M | $891K | $443K | — | View 990 |
| 2017 | $4.3M | $4.0M | $775K | $348K | — | View 990 |
| 2016 | $4.2M | $4.5M | $741K | $645K | — | View 990 |
| 2015 | $4.8M | $4.7M | $663K | $319K | — | View 990 |
| 2014 | $3.4M | $3.3M | $556K | $282K | — | View 990 |
| 2013 | $2.0M | $2.3M | $317K | $191K | — | View 990 |
| 2012 | $2.7M | $2.9M | $631K | $201K | — | View 990 |
| 2011 | $3.2M | $3.1M | $790K | $176K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $8.1M, and assets of $2.0M (revenue +2.6% year-over-year).
- 2022: Revenue of $7.7M, expenses of $7.4M, and assets of $2.3M (revenue +0.2% year-over-year).
- 2021: Revenue of $7.7M, expenses of $6.9M, and assets of $1.8M (revenue +7.4% year-over-year).
- 2020: Revenue of $7.1M, expenses of $7.1M, and assets of $1.5M (revenue +8.0% year-over-year).
- 2019: Revenue of $6.6M, expenses of $6.6M, and assets of $1.0M (revenue +16.7% year-over-year).
- 2018: Revenue of $5.7M, expenses of $5.6M, and assets of $891K (revenue +30.7% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.0M, and assets of $775K (revenue +2.1% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.5M, and assets of $741K (revenue -11.3% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.7M, and assets of $663K (revenue +40.6% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.3M, and assets of $556K (revenue +68.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.3M, and assets of $317K (revenue -25.6% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.9M, and assets of $631K (revenue -15.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.1M, and assets of $790K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faithbridge Foster Care Inc:
Data Sources and Methodology
This transparency report for Faithbridge Foster Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.