Fostering Families Inc
EIN: 273207965 · Statesboro, GA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $515K |
| Total Expenses | $194K |
| Net Assets | $927K |
Is Fostering Families Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fostering Families Inc
Fostering Families Inc (EIN: 273207965) is a nonprofit organization based in Statesboro, GA, classified under NTEE code P20. The organization reported total revenue of $515K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fostering Families Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fostering Families Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $194K |
| Surplus / Deficit | +$27K |
| Total Assets | $927K |
| Net Assets | $927K |
| Operating Margin | 12.4% |
| Months of Reserves | 57.2 months |
Financial Health Grade: A
In 2023, Fostering Families Inc reported a surplus of $27K with revenue exceeding expenses, holds 57.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fostering Families Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.6% | +27.1% | +3.1% |
| 2022 | -19.8% | +35.8% | +14.9% |
| 2021 | +82.1% | +13.2% | +40.0% |
| 2020 | -16.9% | -12.2% | +18.0% |
| 2019 | +28.2% | +1.0% | +29.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fostering Families Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fostering Families Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
Frequently Asked Questions about Fostering Families Inc
Is Fostering Families Inc a legitimate charity?
Fostering Families Inc (EIN: 273207965) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $515K. No red flags identified. Financial health grade: A.
How does Fostering Families Inc spend its money?
Fostering Families Inc reported $515K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fostering Families Inc tax-deductible?
Fostering Families Inc is registered as a tax-exempt nonprofit (EIN: 273207965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fostering Families Inc located?
Fostering Families Inc is headquartered in Statesboro, Georgia and files with the IRS under EIN 273207965. It is classified under NTEE code P20.
How many years of IRS 990 filings does Fostering Families Inc have?
Fostering Families 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 $515K in total revenue.
Filing History
IRS 990 filing history for Fostering Families Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fostering Families Inc's revenue has grown by 59.9%, moving from $139K to $222K. Total assets increased by 601.7% over the same period, from $132K to $927K. Total functional expenses rose by 2696.5%, from $7K to $194K. In its most recent filing year (2023), Fostering Families Inc reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $194K | $927K | $0 | — | — |
| 2022 | $269K | $153K | $899K | $0 | — | View 990 |
| 2021 | $336K | $113K | $783K | $0 | — | View 990 |
| 2020 | $185K | $99K | $559K | $0 | — | View 990 |
| 2019 | $222K | $113K | $474K | $0 | — | View 990 |
| 2018 | $173K | $112K | $365K | $0 | — | View 990 |
| 2017 | $101K | $98K | $304K | $0 | — | View 990 |
| 2016 | $141K | $112K | $300K | $0 | — | View 990 |
| 2015 | $175K | $56K | $271K | $0 | — | View 990 |
| 2014 | $54K | $26K | $151K | $0 | — | View 990 |
| 2013 | $12K | $18K | $133K | $0 | — | View 990 |
| 2012 | $13K | $8K | $139K | $0 | — | View 990 |
| 2011 | $139K | $7K | $132K | $185 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $194K, and assets of $927K (revenue -17.6% year-over-year).
- 2022: Revenue of $269K, expenses of $153K, and assets of $899K (revenue -19.8% year-over-year).
- 2021: Revenue of $336K, expenses of $113K, and assets of $783K (revenue +82.1% year-over-year).
- 2020: Revenue of $185K, expenses of $99K, and assets of $559K (revenue -16.9% year-over-year).
- 2019: Revenue of $222K, expenses of $113K, and assets of $474K (revenue +28.2% year-over-year).
- 2018: Revenue of $173K, expenses of $112K, and assets of $365K (revenue +70.7% year-over-year).
- 2017: Revenue of $101K, expenses of $98K, and assets of $304K (revenue -28.1% year-over-year).
- 2016: Revenue of $141K, expenses of $112K, and assets of $300K (revenue -19.6% year-over-year).
- 2015: Revenue of $175K, expenses of $56K, and assets of $271K (revenue +227.5% year-over-year).
- 2014: Revenue of $54K, expenses of $26K, and assets of $151K (revenue +345.8% year-over-year).
- 2013: Revenue of $12K, expenses of $18K, and assets of $133K (revenue -8.6% year-over-year).
- 2012: Revenue of $13K, expenses of $8K, and assets of $139K (revenue -90.5% year-over-year).
- 2011: Revenue of $139K, expenses of $7K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fostering Families Inc:
Data Sources and Methodology
This transparency report for Fostering Families 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.