Foster Family Charitable Foundation
Foster Family Charitable Foundation shows inconsistent revenue and asset fluctuations, with expenses often exceeding income.
EIN: 208383467 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Foster Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foster Family Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foster Family Charitable Foundation
Foster Family Charitable Foundation (EIN: 208383467) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $422K and total assets of $468K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foster Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foster Family Charitable Foundation is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $33K |
| Surplus / Deficit | $-4,940 |
| Total Assets | $468K |
| Total Liabilities | $9K |
| Net Assets | $458K |
| Operating Margin | -17.5% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 169.5 months |
Financial Health Grade: B
In 2023, Foster Family Charitable Foundation reported a deficit of $5K with expenses exceeding revenue, holds 169.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Foster Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +80.9% | -1.1% |
| 2022 | -53.7% | -44.7% | +2.1% |
| 2021 | +415.9% | -55.1% | +4.4% |
| 2020 | -84.5% | +40.8% | -82.7% |
| 2019 | +139.8% | +36.2% | +393.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Foster Family Charitable Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Foster Family Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is a positive sign for resource allocation.
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 Foster Family Charitable Foundation's IRS 990 filings:
- Frequent periods where expenses exceed revenue (e.g., 2023, 2020, 2015), indicating potential financial instability.
- Significant and unexplained drop in assets from $2,557,636 in 2019 to $467,687 in 2023.
- Highly unusual negative revenue reported in 2013 (-$356,221).
- Inconsistent revenue streams, with annual revenue varying significantly and often being low (e.g., $28,176 in 2023).
Strengths
The following positive indicators were identified for Foster Family Charitable Foundation:
- Consistent filing of IRS Form 990s, demonstrating transparency.
- 0% officer compensation reported across all available filings, indicating no executive salaries.
- Maintains a substantial asset base ($467,793 in 2023) despite revenue fluctuations.
Frequently Asked Questions about Foster Family Charitable Foundation
Is Foster Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Foster Family Charitable Foundation (EIN: 208383467) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Foster Family Charitable Foundation spend its money?
Foster Family Charitable Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foster Family Charitable Foundation tax-deductible?
Foster Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208383467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did the organization report negative revenue of -$356,221 in 2013?
This is an unusual financial event that would require reviewing the specific IRS Form 990 for 2013 to understand the nature of this negative revenue, which could be due to significant investment losses or a return of grants.
What caused the significant decrease in assets from $2,557,636 in 2019 to $467,687 in 2023?
This substantial reduction in assets over a four-year period suggests either significant program spending, investment losses, or a major divestment, which would need to be clarified by reviewing the detailed financial statements.
How does the organization sustain its operations when expenses frequently exceed revenue, as seen in 2023 ($33,116 expenses vs. $28,176 revenue) and other years?
The organization likely relies on its existing asset base to cover operational shortfalls, which is not sustainable long-term without consistent revenue generation or further asset liquidation.
What are the specific program activities and their associated costs, given the NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations)?
Without detailed program expense breakdowns, it's difficult to assess the impact and efficiency of their grantmaking or other philanthropic activities. The 990 would provide more insight into their grants paid.
Filing History
IRS 990 filing history for Foster Family Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foster Family Charitable Foundation's revenue has grown by 176%, moving from $10K to $28K. Total assets decreased by 48% over the same period, from $899K to $468K. Total functional expenses rose by 17%, from $28K to $33K. In its most recent filing year (2023), Foster Family Charitable Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $9K in liabilities against $468K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $458K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $33K | $468K | $9K | — | — |
| 2022 | $25K | $18K | $473K | $9K | — | View 990 |
| 2021 | $55K | $33K | $463K | $7K | — | — |
| 2020 | $11K | $74K | $443K | $8K | — | View 990 |
| 2019 | $68K | $52K | $2.6M | $2.1M | — | — |
| 2015 | $28K | $38K | $519K | $7K | — | View 990 |
| 2014 | $34K | $33K | $531K | $9K | — | View 990 |
| 2013 | $-356,221 | $16K | $521K | $1 | — | View 990 |
| 2012 | $9K | $16K | $893K | $1 | — | View 990 |
| 2011 | $10K | $28K | $899K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $33K, and assets of $468K (revenue +11.5% year-over-year).
- 2022: Revenue of $25K, expenses of $18K, and assets of $473K (revenue -53.7% year-over-year).
- 2021: Revenue of $55K, expenses of $33K, and assets of $463K (revenue +415.9% year-over-year).
- 2020: Revenue of $11K, expenses of $74K, and assets of $443K (revenue -84.5% year-over-year).
- 2019: Revenue of $68K, expenses of $52K, and assets of $2.6M (revenue +139.8% year-over-year).
- 2015: Revenue of $28K, expenses of $38K, and assets of $519K (revenue -16.7% year-over-year).
- 2014: Revenue of $34K, expenses of $33K, and assets of $531K.
- 2013: Revenue of $-356,221, expenses of $16K, and assets of $521K (revenue -3864.0% year-over-year).
- 2012: Revenue of $9K, expenses of $16K, and assets of $893K (revenue -7.3% year-over-year).
- 2011: Revenue of $10K, expenses of $28K, and assets of $899K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foster Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Foster Family Charitable Foundation 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.