Fosters Child Care & Dev Ctr Inc
EIN: 570983770 · Charleston, SC · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $908K |
| Total Expenses | $515K |
| Net Assets | $4K |
Is Fosters Child Care & Dev Ctr Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fosters Child Care & Dev Ctr Inc
Fosters Child Care & Dev Ctr Inc (EIN: 570983770) is a nonprofit organization based in Charleston, SC, classified under NTEE code P30. The organization reported total revenue of $908K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fosters Child Care & Dev Ctr Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fosters Child Care & Dev Ctr Inc is a small nonprofit that has been operating for 33 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $518K |
| Total Expenses | $515K |
| Surplus / Deficit | +$3K |
| Total Assets | $8K |
| Total Liabilities | $4K |
| Net Assets | $4K |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2022, Fosters Child Care & Dev Ctr Inc reported a surplus of $3K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 11 years of filings (2011–2022), Fosters Child Care & Dev Ctr Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +35.2% | +41.2% | +42.2% |
| 2021 | +32.1% | +21.1% | -21.7% |
| 2020 | -20.0% | +16.4% | -91.6% |
| 2019 | +31.0% | +170.4% | +1245.6% |
| 2018 | -13.8% | -56.6% | +291.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fosters Child Care & Dev Ctr 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 Fosters Child Care & Dev Ctr 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.0%.
Frequently Asked Questions about Fosters Child Care & Dev Ctr Inc
Is Fosters Child Care & Dev Ctr Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fosters Child Care & Dev Ctr Inc (EIN: 570983770) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fosters Child Care & Dev Ctr Inc spend its money?
Detailed spending breakdown data is not yet available for Fosters Child Care & Dev Ctr Inc. Check back for updated IRS 990 analysis.
Are donations to Fosters Child Care & Dev Ctr Inc tax-deductible?
Fosters Child Care & Dev Ctr Inc is registered as a tax-exempt nonprofit (EIN: 570983770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fosters Child Care & Dev Ctr Inc located?
Fosters Child Care & Dev Ctr Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 570983770. It is classified under NTEE code P30.
How many years of IRS 990 filings does Fosters Child Care & Dev Ctr Inc have?
Fosters Child Care & Dev Ctr Inc has 11 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 $908K in total revenue.
Filing History
IRS 990 filing history for Fosters Child Care & Dev Ctr Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Fosters Child Care & Dev Ctr Inc's revenue has grown by 96.5%, moving from $264K to $518K. Total assets increased by 274.4% over the same period, from $2K to $8K. Total functional expenses rose by 95.2%, from $264K to $515K. In its most recent filing year (2022), Fosters Child Care & Dev Ctr Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $4K in liabilities against $8K in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $518K | $515K | $8K | $4K | — | View 990 |
| 2021 | $383K | $365K | $5K | $175 | — | View 990 |
| 2020 | $290K | $301K | $7K | $287 | — | — |
| 2019 | $363K | $259K | $83K | $1K | — | View 990 |
| 2018 | $277K | $96K | $6K | $959 | — | View 990 |
| 2016 | $321K | $220K | $2K | $2K | — | View 990 |
| 2015 | $239K | $239K | $2K | $4K | — | View 990 |
| 2014 | $249K | $249K | $-3,648 | $3K | — | View 990 |
| 2013 | $337K | $337K | $1K | $0 | — | View 990 |
| 2012 | $311K | $311K | $1K | $0 | — | View 990 |
| 2011 | $264K | $264K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $518K, expenses of $515K, and assets of $8K (revenue +35.2% year-over-year).
- 2021: Revenue of $383K, expenses of $365K, and assets of $5K (revenue +32.1% year-over-year).
- 2020: Revenue of $290K, expenses of $301K, and assets of $7K (revenue -20.0% year-over-year).
- 2019: Revenue of $363K, expenses of $259K, and assets of $83K (revenue +31.0% year-over-year).
- 2018: Revenue of $277K, expenses of $96K, and assets of $6K (revenue -13.8% year-over-year).
- 2016: Revenue of $321K, expenses of $220K, and assets of $2K (revenue +34.7% year-over-year).
- 2015: Revenue of $239K, expenses of $239K, and assets of $2K (revenue -4.0% year-over-year).
- 2014: Revenue of $249K, expenses of $249K, and assets of $-3,648 (revenue -26.2% year-over-year).
- 2013: Revenue of $337K, expenses of $337K, and assets of $1K (revenue +8.2% year-over-year).
- 2012: Revenue of $311K, expenses of $311K, and assets of $1K (revenue +17.9% year-over-year).
- 2011: Revenue of $264K, expenses of $264K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fosters Child Care & Dev Ctr Inc:
Data Sources and Methodology
This transparency report for Fosters Child Care & Dev Ctr 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.