Fostering Futures
EIN: 270267132 · Ann Arbor, MI · NTEE: P32
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Net Assets | $869K |
Is Fostering Futures Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fostering Futures
Fostering Futures (EIN: 270267132) is a nonprofit organization based in Ann Arbor, MI, classified under NTEE code P32. The organization reported total revenue of $2.6M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fostering Futures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fostering Futures is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$267K |
| Total Assets | $1.8M |
| Total Liabilities | $912K |
| Net Assets | $869K |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 51.2% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Fostering Futures reported a surplus of $267K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 51.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Fostering Futures's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +19.7% | +15.5% |
| 2022 | +39.6% | +21.3% | +309.3% |
| 2021 | +9.8% | +6.5% | -19.4% |
| 2020 | +16.6% | +14.8% | +93.4% |
| 2019 | -23.8% | -25.9% | +27.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fostering Futures 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 Futures 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 $267K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.2%.
Frequently Asked Questions about Fostering Futures
Is Fostering Futures a legitimate charity?
Based on AI analysis of IRS 990 filings, Fostering Futures (EIN: 270267132) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fostering Futures spend its money?
Detailed spending breakdown data is not yet available for Fostering Futures. Check back for updated IRS 990 analysis.
Are donations to Fostering Futures tax-deductible?
Fostering Futures is registered as a tax-exempt nonprofit (EIN: 270267132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fostering Futures located?
Fostering Futures is headquartered in Ann Arbor, Michigan and files with the IRS under EIN 270267132. It is classified under NTEE code P32.
How many years of IRS 990 filings does Fostering Futures have?
Fostering Futures has 14 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for Fostering Futures showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fostering Futures's revenue has grown by 996%, moving from $225K to $2.5M. Total assets increased by 9334.9% over the same period, from $19K to $1.8M. Total functional expenses rose by 685.8%, from $280K to $2.2M. In its most recent filing year (2023), Fostering Futures reported a surplus of $267K, with revenue exceeding expenses. The organization holds $912K in liabilities against $1.8M in assets (debt-to-asset ratio: 51.2%), resulting in net assets of $869K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $1.8M | $912K | — | — |
| 2022 | $2.2M | $1.8M | $1.5M | $940K | — | View 990 |
| 2021 | $1.6M | $1.5M | $377K | $120K | — | View 990 |
| 2020 | $1.4M | $1.4M | $467K | $259K | — | — |
| 2019 | $1.2M | $1.2M | $242K | $35K | — | View 990 |
| 2018 | $1.6M | $1.7M | $189K | $29K | — | View 990 |
| 2017 | $1.7M | $1.7M | $323K | $24K | — | View 990 |
| 2016 | $1.8M | $1.8M | $337K | $21K | — | View 990 |
| 2015 | $1.7M | $1.7M | $339K | $25K | — | View 990 |
| 2014 | $1.6M | $1.4M | $411K | $87K | — | View 990 |
| 2013 | $1.1M | $924K | $183K | $76K | — | View 990 |
| 2012 | $444K | $449K | $3K | $95K | — | View 990 |
| 2011 | $495K | $547K | $19K | $121K | — | View 990 |
| 2010 | $225K | $280K | $19K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $1.8M (revenue +13.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.8M, and assets of $1.5M (revenue +39.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $377K (revenue +9.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $467K (revenue +16.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $242K (revenue -23.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $189K (revenue -3.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $323K (revenue -7.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $337K (revenue +8.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $339K (revenue +2.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $411K (revenue +52.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $924K, and assets of $183K (revenue +137.3% year-over-year).
- 2012: Revenue of $444K, expenses of $449K, and assets of $3K (revenue -10.3% year-over-year).
- 2011: Revenue of $495K, expenses of $547K, and assets of $19K (revenue +120.2% year-over-year).
- 2010: Revenue of $225K, expenses of $280K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fostering Futures:
Data Sources and Methodology
This transparency report for Fostering Futures 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.